Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 14.3%

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Rating) were up 14.3% during mid-day trading on Tuesday . The company traded as high as $51.42 and last traded at $51.20. Approximately 443,216 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 10,212,717 shares. The stock had previously closed at $44.78.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day moving average price of $45.38 and a 200-day moving average price of $42.64.

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

A number of large investors have recently made changes to their positions in SOXS. WMS Partners LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $137,000. Virtu Financial LLC lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 375.8% in the fourth quarter. Virtu Financial LLC now owns 781,967 shares of the company’s stock valued at $2,674,000 after acquiring an additional 617,607 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 195.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 126,526 shares of the company’s stock valued at $433,000 after acquiring an additional 83,755 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 44.2% in the fourth quarter. HighTower Advisors LLC now owns 17,300 shares of the company’s stock valued at $60,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the first quarter valued at approximately $2,185,000.

About Direxion Daily Semiconductors Bear 3x Shares

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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.

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