Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Should You Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw unusually-strong trading volume on Thursday . Approximately 201,064,433 shares were traded during trading, an increase of 24% from the previous session’s volume of 162,585,531 shares.The stock last traded at $5.64 and had previously closed at $6.57.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 9.0%

The business has a fifty day moving average price of $14.87 and a 200 day moving average price of $36.59.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors have recently modified their holdings of SOXS. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 2,292,689 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $6,178,000. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $4,679,000. HRT Financial LP acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $3,942,000. Finally, UBS Group AG increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 shares in the last quarter.

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.