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

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 22,158,837 shares, a growth of 122.4% from the November 30th total of 9,961,654 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,389,943 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 87,389,943 shares, the short-interest ratio is presently 0.3 days. Currently, 7.6% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

SOXL stock opened at $44.21 on Monday. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $7.22 and a 52 week high of $50.76. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The firm’s 50-day moving average is $42.29 and its two-hundred day moving average is $33.48.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 19.0% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 15,601 shares of the company’s stock valued at $544,000 after purchasing an additional 2,489 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $1,490,000. Scientech Research LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at about $446,000. Qube Research & Technologies Ltd bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter valued at about $2,618,000. Finally, Larson Financial Group LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 1,426.9% during the third quarter. Larson Financial Group LLC now owns 3,695 shares of the company’s stock worth $129,000 after acquiring an additional 3,453 shares during the period.

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.