Short Interest in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Increases By 42.2%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 4,934,178 shares, an increase of 42.2% from the March 31st total of 3,468,936 shares. Based on an average trading volume of 72,085,355 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.2% of the company’s stock are short sold.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS traded up $1.62 during trading hours on Tuesday, reaching $15.65. The company’s stock had a trading volume of 202,812,573 shares, compared to its average volume of 54,593,461. The company has a 50 day moving average of $32.82 and a two-hundred day moving average of $51.02. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $13.30 and a 1-year high of $423.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp grew its position in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock worth $105,000 after acquiring an additional 7,098 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $45,000. Vontobel Holding Ltd. increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after acquiring an additional 11,400 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Finally, Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $109,000.

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.