Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading 9% Higher

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price traded up 9% during trading on Monday . The company traded as high as $39.80 and last traded at $36.24. 15,766,435 shares changed hands during trading, a decline of 41% from the average session volume of 26,724,736 shares. The stock had previously closed at $33.24.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The firm’s 50-day moving average is $23.75 and its 200 day moving average is $32.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SOXS. Jane Street Group LLC raised its position in Direxion Daily Semiconductors Bear 3x Shares by 1,602.6% in the 1st quarter. Jane Street Group LLC now owns 1,449,350 shares of the company’s stock valued at $4,652,000 after buying an additional 1,364,222 shares during the last quarter. Simplex Trading LLC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 672.6% in the first quarter. Simplex Trading LLC now owns 309,915 shares of the company’s stock valued at $994,000 after purchasing an additional 269,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the first quarter worth $789,000. AI Squared Management Ltd bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $1,206,000. Finally, Howard Financial Services LTD. grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 566.7% in the 1st quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock valued at $642,000 after acquiring an additional 170,000 shares in the last quarter.

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.