Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Up 162.3% in April

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 12,941,928 shares, an increase of 162.3% from the April 15th total of 4,934,178 shares. Based on an average daily volume of 153,931,459 shares, the days-to-cover ratio is currently 0.1 days. Currently, 9.9% of the company’s stock are short sold.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 11.6%

Shares of NYSEARCA SOXS opened at $9.23 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $8.12 and a 1 year high of $280.20. The stock’s 50-day simple moving average is $26.88 and its 200-day simple moving average is $45.21.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently modified their holdings of SOXS. JPMorgan Chase & Co. increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after buying an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% in the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock valued at $796,000 after buying an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock valued at $473,000 after buying an additional 30,000 shares during the last quarter. Group One Trading LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after buying an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $109,000.

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.