Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 28,110,612 shares, an increase of 60.5% from the August 15th total of 17,514,729 shares. Based on an average daily volume of 55,741,456 shares, the days-to-cover ratio is currently 0.5 days. Currently, 16.6% of the shares of the stock are sold short.
Direxion Daily Semiconductors Bull 3X ETF Trading Up 10.5%
NYSEARCA:SOXL traded up $10.90 during midday trading on Thursday, reaching $114.87. The company had a trading volume of 52,427,394 shares, compared to its average volume of 72,524,758. Direxion Daily Semiconductors Bull 3X ETF has a 12-month low of $28.12 and a 12-month high of $302.00. The stock’s fifty day simple moving average is $130.38 and its 200-day simple moving average is $137.72. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 35.63 and a beta of 5.73.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Several hedge funds have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Verus Capital Partners LLC grew its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 1.7% during the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock worth $495,000 after acquiring an additional 200 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 1.2% during the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock valued at $1,090,000 after purchasing an additional 266 shares in the last quarter. Kaizen Financial Strategies raised its holdings in Direxion Daily Semiconductors Bull 3X ETF by 4.6% during the first quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock worth $381,000 after purchasing an additional 350 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF in the second quarter worth about $107,000.
Direxion Daily Semiconductors Bull 3X ETF Company Profile
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.
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