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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw an uptick in trading volume on Thursday . 19,841,139 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 25,040,729 shares.The stock last traded at $50.93 and had previously closed at $45.98.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50 day moving average of $56.42 and a 200 day moving average of $250.95.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $43,000. Tidal Investments LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $109,000. Vontobel Holding Ltd. grew its position in Direxion Daily Semiconductors Bear 3x Shares by 62.9% during the 4th quarter. Vontobel Holding Ltd. now owns 42,200 shares of the company’s stock worth $132,000 after acquiring an additional 16,300 shares during the last quarter. Headlands Technologies LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the 2nd 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 period. Finally, Nwam LLC purchased a new position 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.