Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Shorted: Short Interest Up 185.4% in October

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 31,385,384 shares, a growth of 185.4% from the September 30th total of 10,996,149 shares. Based on an average daily volume of 74,189,395 shares, the short-interest ratio is currently 0.4 days. Approximately 13.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bull 3X ETF

Several institutional investors have recently bought and sold shares of SOXL. SteelPeak Wealth LLC boosted its holdings in Direxion Daily Semiconductors Bull 3X ETF by 1.2% in the first quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after acquiring an additional 266 shares in the last quarter. Clay Northam Wealth Management LLC grew its stake in Direxion Daily Semiconductors Bull 3X ETF by 6.8% during the 3rd quarter. Clay Northam Wealth Management LLC now owns 4,715 shares of the company’s stock worth $697,000 after buying an additional 300 shares during the last quarter. Kaizen Financial Strategies boosted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 4.6% in the first quarter. Kaizen Financial Strategies now owns 7,960 shares of the company’s stock valued at $381,000 after acquiring an additional 350 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the second quarter valued at about $107,000. Finally, PayPay Securities Corp lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 105.8% during the 3rd quarter. PayPay Securities Corp now owns 856 shares of the company’s stock worth $127,000 after acquiring an additional 440 shares during the period.

Direxion Daily Semiconductors Bull 3X ETF Stock Down 24.7%

Shares of NYSEARCA SOXL traded down $25.34 during mid-day trading on Friday, reaching $77.05. 200,107,832 shares of the company were exchanged, compared to its average volume of 74,232,859. The stock has a market capitalization of $19.59 billion, a P/E ratio of 35.63 and a beta of 5.75. The company’s 50-day simple moving average is $121.97 and its 200-day simple moving average is $123.40. Direxion Daily Semiconductors Bull 3X ETF has a twelve month low of $28.12 and a twelve month high of $302.00.

About Direxion Daily Semiconductors Bull 3X ETF

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.