Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) rose 12.7% on Thursday. The stock traded as high as $50.38 and last traded at $49.92. Approximately 21,965,226 shares were traded during trading, a decline of 43% from the average session volume of 38,677,098 shares. The stock had previously closed at $44.29.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The company’s 50-day simple moving average is $41.93 and its 200 day simple moving average is $73.64.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at $3,126,000. GTS Securities LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $1,109,000. Allworth Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at about $130,000. Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at about $117,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $78,000.
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.
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