Short Interest in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Rises By 26.8%

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 18,548,005 shares, an increase of 26.8% from the February 26th total of 14,623,364 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average trading volume of 101,788,053 shares, the short-interest ratio is presently 0.2 days.

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

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

Direxion Daily Semiconductors Bull 3x Shares Trading Up 17.9%

NYSEARCA SOXL traded up $7.29 on Tuesday, reaching $47.91. The stock had a trading volume of 135,271,237 shares, compared to its average volume of 86,838,383. Direxion Daily Semiconductors Bull 3x Shares has a 1 year low of $7.22 and a 1 year high of $72.36. The business has a 50 day moving average price of $59.09 and a 200 day moving average price of $48.30. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 35.63 and a beta of 4.52.

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.