Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Stock Short Interest Report for September

Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 10,996,149 shares, a decline of 65.6% from the September 15th total of 31,958,867 shares. Currently, 7.1% of the company’s shares are short sold. Based on an average daily trading volume, of 60,245,306 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Semiconductors Bull 3X ETF Stock Down 13.3%

Shares of NYSEARCA:SOXL traded down $17.03 during trading on Wednesday, reaching $110.54. The stock had a trading volume of 98,553,550 shares, compared to its average volume of 71,620,320. The business has a fifty day moving average price of $130.79 and a 200-day moving average price of $149.83. The stock has a market cap of $17.22 billion, a P/E ratio of 35.63 and a beta of 5.75. Direxion Daily Semiconductors Bull 3X ETF has a fifty-two week low of $28.12 and a fifty-two week high of $302.00.

Institutional Trading of Direxion Daily Semiconductors Bull 3X ETF

A number of hedge funds have recently bought and sold shares of SOXL. IMC Chicago LLC grew its holdings in Direxion Daily Semiconductors Bull 3X ETF by 550.1% in the 1st quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after buying an additional 324,775 shares during the period. Optiver Holding B.V. increased its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% during the 1st quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock valued at $13,525,000 after acquiring an additional 251,587 shares during the last quarter. Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 117.3% during the 3rd quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock worth $4,827,000 after acquiring an additional 17,621 shares during the period. SteelPeak Wealth LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 1.2% during the 1st quarter. SteelPeak Wealth LLC now owns 22,757 shares of the company’s stock worth $1,090,000 after acquiring an additional 266 shares during the period. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3X ETF during the 1st quarter worth about $791,000.

About Direxion Daily Semiconductors Bull 3X ETF

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.