Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-strong trading volume on Thursday . Approximately 20,492,255 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 26,654,377 shares.The stock last traded at $45.50 and had previously closed at $44.52.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 2.6%

The firm has a fifty day moving average price of $54.19 and a two-hundred day moving average price of $236.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOXS. IFP Advisors Inc bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $43,000. Tidal Investments LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at approximately $109,000. Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 62.9% in the fourth quarter. Vontobel Holding Ltd. now owns 42,200 shares of the company’s stock worth $132,000 after purchasing an additional 16,300 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after purchasing an additional 17,744 shares during the last quarter. Finally, Nwam LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $56,000.

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.