Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) were up 9.9% during mid-day trading on Thursday . The company traded as high as $1.90 and last traded at $1.9350. Approximately 253,469,282 shares traded hands during trading, a decline of 34% from the average daily volume of 381,563,938 shares. The stock had previously closed at $1.76.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The stock’s 50 day moving average price is $2.91 and its 200-day moving average price is $4.72.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Several hedge funds have recently made changes to their positions in SOXS. Game Plan Financial Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $45,000. Eastern Bank bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $61,000. PFG Investments LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $75,000. Modern Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $83,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $94,000.
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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