Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Up 122.4% in December

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 22,158,837 shares, an increase of 122.4% from the November 30th total of 9,961,654 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average daily volume of 87,389,943 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 87,389,943 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.6% of the company’s stock are short sold.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

Several institutional investors have recently made changes to their positions in SOXL. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at about $22,677,000. Jump Financial LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 185.6% in the 3rd quarter. Jump Financial LLC now owns 1,192,948 shares of the company’s stock valued at $41,562,000 after buying an additional 775,222 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 105.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,174,290 shares of the company’s stock valued at $40,912,000 after buying an additional 603,324 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 46.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,669,259 shares of the company’s stock worth $41,915,000 after buying an additional 526,417 shares in the last quarter. Finally, Elevatus Welath Management purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth approximately $9,517,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

Shares of NYSEARCA:SOXL opened at $44.21 on Friday. The business’s 50 day moving average is $42.29 and its 200 day moving average is $33.32. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.22 and a 12-month high of $50.76. The stock has a market cap of $12.96 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.