Short Interest in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Declines By 60.7%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 8,716,963 shares, a decline of 60.7% from the December 15th total of 22,158,837 shares. Based on an average daily trading volume, of 66,030,477 shares, the short-interest ratio is presently 0.1 days. Approximately 3.5% of the company’s stock are short sold. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 66,030,477 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at $25,000. Optimum Investment Advisors grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 550.0% during the second quarter. Optimum Investment Advisors now owns 1,300 shares of the company’s stock worth $33,000 after purchasing an additional 1,100 shares during the last quarter. Addison Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares in the third quarter valued at $33,000. ORG Wealth Partners LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter worth approximately $36,000. Finally, Quent Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 3rd quarter valued at about $71,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 1.2%

SOXL traded down $0.69 on Wednesday, hitting $55.38. 70,062,647 shares of the stock traded hands, compared to its average volume of 82,028,703. The business has a fifty day moving average price of $43.51 and a two-hundred day moving average price of $35.86. The firm has a market capitalization of $13.85 billion, a PE ratio of 35.63 and a beta of 4.52. Direxion Daily Semiconductors Bull 3x Shares has a 52 week low of $7.22 and a 52 week high of $57.63.

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.