Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Sees Large Increase in Short Interest

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 18,548,005 shares, a growth of 26.8% from the February 26th total of 14,623,364 shares. Currently, 9.6% of the shares of the company are short sold. Based on an average daily trading volume, of 101,788,053 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of Direxion Daily Semiconductors Bull 3x Shares stock opened at $47.91 on Wednesday. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $7.22 and a one year high of $72.36. The company has a market cap of $9.22 billion, a P/E ratio of 35.63 and a beta of 4.52. The firm has a fifty day moving average of $59.09 and a two-hundred day moving average of $48.30.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Verus Capital Partners LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 1.7% in the fourth quarter. Verus Capital Partners LLC now owns 11,774 shares of the company’s stock valued at $495,000 after purchasing an additional 200 shares during the period. 1248 Management LLC increased its position in Direxion Daily Semiconductors Bull 3x Shares by 33.3% during the 4th quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 2.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 13,951 shares of the company’s stock worth $486,000 after buying an additional 312 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 29,789 shares of the company’s stock worth $748,000 after buying an additional 413 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3x Shares by 1.5% in the 2nd quarter. Corient Private Wealth LLC now owns 31,601 shares of the company’s stock valued at $794,000 after buying an additional 457 shares during the period.

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.