Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-high trading volume on Thursday . Approximately 6,375,984 shares traded hands during mid-day trading, a decline of 54% from the previous session’s volume of 13,970,789 shares.The stock last traded at $40.62 and had previously closed at $39.15.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business’s 50 day moving average is $36.41 and its 200 day moving average is $65.81.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXS. Advisor Group Holdings Inc. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $65,000. Bellecapital International Ltd. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $72,000. Bank of Nova Scotia acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $81,000. PayPay Securities Corp boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 111.1% in the fourth quarter. PayPay Securities Corp now owns 18,687 shares of the company’s stock valued at $109,000 after purchasing an additional 9,833 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $116,000.

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.