Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Update

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 15,579,844 shares, a growth of 78.7% from the December 31st total of 8,716,963 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,833,168 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 82,833,168 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.4% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 12.3%

NYSEARCA SOXL traded down $8.68 during trading hours on Friday, reaching $61.79. 82,965,495 shares of the company’s stock were exchanged, compared to its average volume of 76,070,797. The firm has a fifty day moving average of $49.34 and a 200-day moving average of $38.93. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.22 and a one year high of $71.98. The stock has a market cap of $12.66 billion, a PE ratio of 35.63 and a beta of 4.52.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 200.2% in the fourth quarter. Bogart Wealth LLC now owns 9,005 shares of the company’s stock valued at $378,000 after acquiring an additional 6,005 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth $2,482,000. Retirement Planning Co of New England Inc. grew its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 24.5% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 10,150 shares of the company’s stock worth $427,000 after purchasing an additional 2,000 shares during the period. Dakota Community Bank & Trust NA bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at about $113,000. Finally, PayPay Securities Corp lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 28.3% in the fourth quarter. PayPay Securities Corp now owns 3,806 shares of the company’s stock valued at $160,000 after buying an additional 839 shares during the period.

About Direxion Daily Semiconductors Bull 3x Shares

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.