Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Up 17.7% in February

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 14,623,364 shares, a growth of 17.7% from the February 12th total of 12,427,715 shares. Currently, 7.6% of the shares of the stock are short sold. Based on an average daily volume of 72,584,790 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 72,584,790 shares, the short-interest ratio is presently 0.2 days. Currently, 7.6% of the shares of the stock are short sold.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA:SOXL traded up $0.69 during midday trading on Wednesday, hitting $55.64. The company had a trading volume of 51,231,355 shares, compared to its average volume of 82,533,984. Direxion Daily Semiconductors Bull 3x Shares has a twelve month low of $7.22 and a twelve month high of $72.36. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52. The business’s 50-day simple moving average is $60.10 and its 200-day simple moving average is $46.61.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SOXL. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 4th quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth about $25,000. Addison Advisors LLC purchased a new position in Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $33,000. 1248 Management LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at about $36,000.

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.