Short Interest in Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Grows By 60.5%

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 28,110,612 shares, a growth 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 short-interest ratio is currently 0.5 days. Approximately 16.6% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new position in Direxion Daily Semiconductors Bull 3X ETF in the 2nd quarter valued at about $107,000. Bouchey Financial Group Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF during the second quarter worth about $360,000. Allworth Financial LP raised its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 421.4% in the second quarter. Allworth Financial LP now owns 3,269 shares of the company’s stock valued at $872,000 after buying an additional 2,642 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the second quarter valued at approximately $1,178,000. Finally, AlphaGrep UK Ltd purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the second quarter valued at approximately $517,000.

Direxion Daily Semiconductors Bull 3X ETF Price Performance

Shares of NYSEARCA SOXL opened at $114.82 on Friday. The firm’s 50-day moving average is $128.83 and its two-hundred day moving average is $138.08. The company has a market capitalization of $18.38 billion, a PE ratio of 35.63 and a beta of 5.73. Direxion Daily Semiconductors Bull 3X ETF has a 12-month low of $28.12 and a 12-month high of $302.00.

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.