Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading 3.8% Higher

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded up 3.8% on Friday . The company traded as high as $10.52 and last traded at $10.48. 8,367,996 shares traded hands during trading, a decline of 83% from the average session volume of 50,397,832 shares. The stock had previously closed at $10.10.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 8.8 %

The business’s fifty day simple moving average is $9.71 and its 200 day simple moving average is $14.10.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $65,000. Quantbot Technologies LP acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $210,000. Piershale Financial Group Inc. boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 353.4% during the first quarter. Piershale Financial Group Inc. now owns 4,348 shares of the company’s stock valued at $71,000 after acquiring an additional 3,389 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 77.7% during the first quarter. SG Americas Securities LLC now owns 6,662 shares of the company’s stock valued at $108,000 after acquiring an additional 2,913 shares during the period. Finally, PayPay Securities Corp boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 809.4% during the second quarter. PayPay Securities Corp now owns 8,730 shares of the company’s stock valued at $86,000 after acquiring an additional 7,770 shares during the period.

About Direxion Daily Semiconductors Bear 3x Shares

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.