Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Update

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 30,488,090 shares, a growth of 68.6% from the July 15th total of 18,086,765 shares. Based on an average daily volume of 87,118,209 shares, the short-interest ratio is currently 0.3 days. Currently, 18.0% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 4.5%

NYSEARCA:SOXL traded up $6.58 on Monday, reaching $151.53. The stock had a trading volume of 42,970,145 shares, compared to its average volume of 74,538,977. The company has a market capitalization of $25.67 billion, a P/E ratio of 35.63 and a beta of 5.73. Direxion Daily Semiconductors Bull 3x Shares has a 1-year low of $23.66 and a 1-year high of $302.00. The stock has a fifty day moving average price of $180.58 and a 200-day moving average price of $129.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SOXL. Halbert Hargrove Global Advisors LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 32.5% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 4th quarter valued at $25,000. Western Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at $33,000. St. Johns Investment Management Company LLC acquired a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth $38,000. Finally, 1248 Management LLC boosted its stake in Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter.

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.