Short Interest in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Declines By 42.6%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 17,514,729 shares, a drop of 42.6% from the July 30th total of 30,488,090 shares. Based on an average trading volume of 58,998,640 shares, the short-interest ratio is currently 0.3 days. Approximately 10.3% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 1.3%

Shares of NYSEARCA:SOXL traded up $1.48 during trading on Monday, hitting $112.82. 31,412,935 shares of the stock were exchanged, compared to its average volume of 73,441,109. The company has a market cap of $19.11 billion, a PE ratio of 35.63 and a beta of 5.73. The company has a fifty day moving average price of $158.14 and a two-hundred day moving average price of $133.47. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $23.80 and a 12-month high of $302.00.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first 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 in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter worth about $33,000. St. Johns Investment Management Company LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $38,000. Finally, 1248 Management LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares 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.