Short Interest in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Rises By 49.4%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 73,533,704 shares, an increase of 49.4% from the December 31st total of 49,211,764 shares. Based on an average trading volume of 380,646,961 shares, the short-interest ratio is presently 0.2 days. Currently, 13.4% of the shares of the company are short sold. Currently, 13.4% of the shares of the company are short sold. Based on an average trading volume of 380,646,961 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors have recently made changes to their positions in SOXS. Lane Generational LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $6,309,000. UBS Group AG increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after acquiring an additional 787,062 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $7,441,000. IMC Chicago LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 33.1% in the 4th quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock valued at $2,140,000 after purchasing an additional 169,995 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock worth $3,496,000 after purchasing an additional 500,969 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of NYSEARCA SOXS opened at $1.97 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $1.72 and a 1 year high of $53.43. The firm has a fifty day moving average price of $2.80 and a 200-day moving average price of $4.65.

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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.