Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Large Volume Increase – Here’s Why

Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) saw an uptick in trading volume on Wednesday. 25,101,952 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 37,342,844 shares. The stock last traded at $39.61 and had previously closed at $37.42.

Direxion Daily Semiconductors Bear 3X ETF Stock Performance

The business’s 50 day simple moving average is $41.63 and its 200-day simple moving average is $83.65.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF

Large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter worth approximately $6,178,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at $3,126,000. GTS Securities LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at about $1,109,000. Allworth Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at about $130,000. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at about $117,000.

Direxion Daily Semiconductors Bear 3X ETF 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. 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.