Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Short Interest Up 60.5% in August

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 28,110,612 shares, an increase of 60.5% from the August 15th total of 17,514,729 shares. Based on an average trading volume of 55,741,456 shares, the days-to-cover ratio is currently 0.5 days. Approximately 16.6% of the company’s stock are sold short.

Direxion Daily Semiconductors Bull 3X ETF Stock Up 7.7%

Shares of SOXL opened at $123.67 on Friday. The stock has a market capitalization of $19.80 billion, a P/E ratio of 35.63 and a beta of 5.73. Direxion Daily Semiconductors Bull 3X ETF has a twelve month low of $28.12 and a twelve month high of $302.00. The company has a 50 day moving average of $127.46 and a 200-day moving average of $137.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC increased its stake in Direxion Daily Semiconductors Bull 3X ETF by 40.2% in the 4th quarter. Simplex Trading LLC now owns 1,236,517 shares of the company’s stock valued at $51,971,000 after buying an additional 354,575 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 95,133.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 517,118 shares of the company’s stock worth $21,734,000 after buying an additional 516,575 shares during the last quarter. IMC Chicago LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after acquiring an additional 324,775 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% in the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after acquiring an additional 251,587 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Direxion Daily Semiconductors Bull 3X ETF by 53.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 99,847 shares of the company’s stock valued at $4,197,000 after acquiring an additional 34,932 shares during the last quarter.

Direxion Daily Semiconductors Bull 3X ETF 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.