Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 10,996,149 shares, a drop of 65.6% from the September 15th total of 31,958,867 shares. Based on an average daily trading volume, of 60,245,306 shares, the days-to-cover ratio is currently 0.2 days. Currently, 7.1% of the shares of the company are sold short.
Direxion Daily Semiconductors Bull 3X ETF Price Performance
Shares of NYSEARCA:SOXL traded down $11.37 during trading on Monday, reaching $128.40. 41,320,460 shares of the company’s stock traded hands, compared to its average volume of 71,395,398. The stock has a market capitalization of $19.76 billion, a P/E ratio of 35.63 and a beta of 5.75. The company has a 50 day moving average of $130.80 and a 200-day moving average of $148.81. Direxion Daily Semiconductors Bull 3X ETF has a 12 month low of $28.12 and a 12 month high of $302.00.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF
Several hedge funds and other institutional investors have recently modified their holdings of SOXL. Client First Investment Management LLC boosted its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 117.3% during the third quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock worth $4,827,000 after buying an additional 17,621 shares during the period. Farther Finance Advisors LLC increased its position in Direxion Daily Semiconductors Bull 3X ETF by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,782 shares of the company’s stock valued at $855,000 after acquiring an additional 2,774 shares during the period. Toth Financial Advisory Corp bought a new stake in Direxion Daily Semiconductors Bull 3X ETF during the 3rd quarter valued at $358,000. Private Client Services LLC raised its stake in Direxion Daily Semiconductors Bull 3X ETF by 30.2% during the 3rd quarter. Private Client Services LLC now owns 10,324 shares of the company’s stock valued at $1,527,000 after acquiring an additional 2,393 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3X ETF during the 2nd quarter valued at $107,000.
About Direxion Daily Semiconductors Bull 3X ETF
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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