Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 6.1% – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report) shares shot up 6.1% on Tuesday . The company traded as high as $4.25 and last traded at $4.19. 241,992,217 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 175,471,266 shares. The stock had previously closed at $3.95.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.7%

The stock’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $33.96.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after buying an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $43,000. Nwam LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $56,000. Marex Group plc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $63,000. Finally, VestGen Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $81,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

(Get Free Report)

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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