Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Short Interest Down 54.5% in April

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 11,883,637 shares, a decrease of 54.5% from the March 31st total of 26,090,951 shares. Approximately 8.2% of the company’s stock are sold short. Based on an average daily volume of 86,701,373 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bull 3x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $25,000. 1248 Management LLC grew 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 during the period. ORG Wealth Partners LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $36,000. Finally, Tucker Asset Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter worth $37,000.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

SOXL stock traded up $15.55 during midday trading on Friday, hitting $128.32. The stock had a trading volume of 82,519,588 shares, compared to its average volume of 85,251,586. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 35.63 and a beta of 4.55. The business has a 50-day moving average of $65.62 and a two-hundred day moving average of $54.04. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $10.75 and a 52-week high of $130.12.

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.