Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Stock Short Interest Report for September

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 10,996,149 shares, a decrease of 65.6% from the September 15th total of 31,958,867 shares. Currently, 7.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,245,306 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily Semiconductors Bull 3X ETF Stock Performance

Shares of SOXL stock traded down $11.37 during midday trading on Monday, reaching $128.40. 41,320,460 shares of the company were exchanged, compared to its average volume of 71,395,398. The company’s 50 day moving average price is $130.80 and its two-hundred day moving average price is $148.81. The company has a market cap of $19.76 billion, a P/E ratio of 35.63 and a beta of 5.75. 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

Hedge funds have recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF 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 during the period. Western Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter valued at about $33,000. St. Johns Investment Management Company LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF during the first quarter worth about $38,000. SHP Wealth Management acquired a new position in Direxion Daily Semiconductors Bull 3X ETF during the fourth quarter worth about $57,000. Finally, Anchor Investment Management LLC acquired a new position in Direxion Daily Semiconductors Bull 3X ETF during the second quarter worth about $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.