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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 8,716,963 shares, a decrease of 60.7% from the December 15th total of 22,158,837 shares. Based on an average daily volume of 66,030,477 shares, the short-interest ratio is presently 0.1 days. Currently, 3.5% of the company’s stock are short sold. Currently, 3.5% of the company’s stock are short sold. Based on an average daily volume of 66,030,477 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA SOXL traded up $2.67 during mid-day trading on Friday, reaching $60.75. 57,905,239 shares of the company traded hands, compared to its average volume of 80,080,352. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $7.22 and a fifty-two week high of $62.19. The company’s fifty day moving average is $43.81 and its two-hundred day moving average is $36.02. The stock has a market cap of $15.19 billion, a PE ratio of 35.63 and a beta of 4.52.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in SOXL. Parallel Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 194.9% in the 2nd quarter. Parallel Advisors LLC now owns 16,257 shares of the company’s stock valued at $408,000 after buying an additional 10,745 shares during the last quarter. Avestar Capital LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 232.9% during the second quarter. Avestar Capital LLC now owns 264,996 shares of the company’s stock worth $6,654,000 after purchasing an additional 185,383 shares during the period. Farther Finance Advisors LLC increased its holdings in Direxion Daily Semiconductors Bull 3x Shares by 772.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 12,220 shares of the company’s stock worth $307,000 after purchasing an additional 10,820 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $791,000. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 38.6% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 30,793 shares of the company’s stock worth $773,000 after purchasing an additional 8,579 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.