Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Down 26.7% in January

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,423,216 shares, a decrease of 26.7% from the January 15th total of 15,579,844 shares. Approximately 5.9% of the company’s stock are short sold. Based on an average daily trading volume, of 69,371,863 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 69,371,863 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 1248 Management LLC grew its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter valued at $25,000. Beacon Capital Management LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $220,000. Alchemi Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $796,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter worth about $395,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

SOXL traded up $1.49 during trading on Monday, hitting $64.59. The company had a trading volume of 79,792,746 shares, compared to its average volume of 81,092,609. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $7.22 and a 1-year high of $71.98. The company has a market cap of $12.43 billion, a PE ratio of 35.63 and a beta of 4.52. The business has a 50-day moving average of $53.72 and a 200-day moving average of $41.77.

About Direxion Daily Semiconductors Bull 3x Shares

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.