Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 26,495,310 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 29,341,939 shares.The stock last traded at $44.69 and had previously closed at $53.08.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The firm’s 50-day moving average is $49.24 and its 200-day moving average is $211.75.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SOXS. Toronto Dominion Bank increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $43,000. Nwam LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $56,000. Marex Group plc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $63,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $81,000.
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.
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