Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw strong trading volume on Thursday . 72,827,292 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 95,592,820 shares.The stock last traded at $8.43 and had previously closed at $8.54.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 0.5%

The firm’s 50-day moving average price is $24.95 and its two-hundred day moving average price is $43.84.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SOXS. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after acquiring an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $6,178,000. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $4,679,000. HRT Financial LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $3,942,000. Finally, Lane Generational LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth approximately $6,309,000.

Direxion Daily Semiconductors Bear 3x Shares 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.