Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-high trading volume on Wednesday . Approximately 293,392,273 shares were traded during trading, an increase of 25% from the previous session’s volume of 233,940,563 shares.The stock last traded at $4.56 and had previously closed at $4.80.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The firm’s 50 day moving average price is $6.87 and its two-hundred day moving average price is $28.08.

Direxion Daily Semiconductors Bear 3x Shares shares are scheduled to reverse split before the market opens on Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 14th.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after acquiring an additional 95,743 shares during the period. IFP Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $43,000. Tidal Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at $109,000. Modern Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $83,000. Finally, Headlands Technologies LLC raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% during the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after purchasing an additional 17,744 shares during the period.

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.