Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 49,998,342 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 56,016,934 shares.The stock last traded at $14.10 and had previously closed at $14.40.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The stock has a 50-day simple moving average of $32.03 and a 200 day simple moving average of $50.18.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. PayPay Securities Corp boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the 3rd quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after buying an additional 7,098 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $45,000. Vontobel Holding Ltd. lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after purchasing an additional 11,400 shares during the period. IFP Advisors Inc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $43,000. Finally, Tidal Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $109,000.
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.
Further Reading
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