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

by · The Markets Daily

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL – Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 11,423,216 shares, a drop of 26.7% from the January 15th total of 15,579,844 shares. Based on an average daily volume of 69,371,863 shares, the short-interest ratio is presently 0.2 days. Currently, 5.9% of the company’s shares are short sold. Currently, 5.9% of the company’s shares are short sold. Based on an average daily volume of 69,371,863 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 2.4%

NYSEARCA:SOXL traded up $1.49 on Friday, reaching $64.59. The company’s stock had a trading volume of 79,792,746 shares, compared to its average volume of 81,092,609. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.22 and a 12-month high of $71.98. The stock has a 50 day moving average price of $53.39 and a 200 day moving average price of $41.39. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth about $25,000. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $25,000. Optimum Investment Advisors raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 550.0% in the second quarter. Optimum Investment Advisors now owns 1,300 shares of the company’s stock valued at $33,000 after acquiring an additional 1,100 shares in the last quarter. Addison Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at approximately $33,000. Finally, 1248 Management LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

(Get Free Report)

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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