Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Should You Buy?
by Doug Wharley · The Cerbat GemDirexion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares saw an uptick in trading volume on Friday . 29,092,055 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 43,344,297 shares.The stock last traded at $19.51 and had previously closed at $20.28.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The firm has a 50 day simple moving average of $35.51 and a 200-day simple moving average of $55.30.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,292,689 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $6,178,000. Smithfield Trust Co purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $4,679,000. HRT Financial LP acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $3,942,000. Finally, Lane Generational LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $6,309,000.
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.