Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Up 49.4% in January

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 73,533,704 shares, an increase of 49.4% from the December 31st total of 49,211,764 shares. Currently, 13.4% of the shares of the company are sold short. Based on an average daily trading volume, of 380,646,961 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 380,646,961 shares, the short-interest ratio is currently 0.2 days. Currently, 13.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $45,000. Eastern Bank purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $61,000. PFG Investments LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at approximately $75,000. Modern Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $83,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $94,000.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

NYSEARCA SOXS opened at $1.97 on Friday. The stock’s fifty day moving average price is $2.80 and its 200 day moving average price is $4.65. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $1.72 and a 1 year high of $53.43.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

Direxion Daily Semiconductor Bear 3x shares seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index (Semiconductor Index). The Semiconductor Index measures the performance of the semiconductor subsector of the United States equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.