Direxion Daily Semiconductors Bull 3X ETF (NYSEARCA:SOXL) Shares Shorted: Short Interest Down 65.6% in September

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

Direxion Daily Semiconductors Bull 3X ETF Trading Down 0.6%

Direxion Daily Semiconductors Bull 3X ETF stock traded down $0.83 during mid-day trading on Tuesday, reaching $127.57. The company had a trading volume of 78,087,669 shares, compared to its average volume of 71,519,805. The business has a fifty day simple moving average of $130.79 and a 200 day simple moving average of $149.83. The company has a market cap of $19.63 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 Inflows and Outflows

A number of large investors have recently modified their holdings of SOXL. IMC Chicago LLC raised its stake in shares of Direxion Daily Semiconductors Bull 3X ETF by 550.1% during the first quarter. IMC Chicago LLC now owns 383,819 shares of the company’s stock valued at $18,389,000 after acquiring an additional 324,775 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 831.0% during the first quarter. Optiver Holding B.V. now owns 281,863 shares of the company’s stock worth $13,525,000 after purchasing an additional 251,587 shares during the period. Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Semiconductors Bull 3X ETF by 117.3% during the third quarter. Client First Investment Management LLC now owns 32,643 shares of the company’s stock worth $4,827,000 after purchasing an additional 17,621 shares during the period. Clearwater Capital Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter worth $791,000. Finally, Triton Wealth Management PLLC bought a new stake in shares of Direxion Daily Semiconductors Bull 3X ETF in the first quarter worth $731,000.

Direxion Daily Semiconductors Bull 3X ETF Company Profile

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.