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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 17,514,729 shares, a decrease 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 days-to-cover ratio is presently 0.3 days. Approximately 10.3% of the shares of the company are sold short.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

SOXL stock traded down $6.88 during trading hours on Tuesday, reaching $105.91. The stock had a trading volume of 63,379,329 shares, compared to its average volume of 73,422,664. The stock has a 50-day simple moving average of $154.38 and a 200 day simple moving average of $133.82. Direxion Daily Semiconductors Bull 3x Shares has a fifty-two week low of $23.80 and a fifty-two week high of $302.00. The stock has a market capitalization of $17.94 billion, a PE ratio of 35.63 and a beta of 5.73.

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

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Direxion Daily Semiconductors Bull 3x Shares by 95,133.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock valued at $21,734,000 after buying an additional 516,575 shares during the period. Avestar Capital LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $2,514,000. Larson Financial Group LLC boosted its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 91.1% during the 4th quarter. Larson Financial Group LLC now owns 7,061 shares of the company’s stock worth $297,000 after acquiring an additional 3,366 shares during the period. HighTower Advisors LLC increased its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 8.4% during the 4th quarter. HighTower Advisors LLC now owns 41,910 shares of the company’s stock worth $1,761,000 after acquiring an additional 3,233 shares during the last quarter. Finally, SLT Holdings LLC acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $240,000.

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.