Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Drop in Short Interest

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,204,141 shares, a decline of 88.7% from the June 30th total of 46,008,120 shares. Currently, 15.4% of the company’s stock are sold short. Based on an average trading volume of 65,430,530 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS traded up $5.92 during mid-day trading on Friday, hitting $51.53. 62,664,705 shares of the company’s stock were exchanged, compared to its average volume of 27,311,537. Direxion Daily Semiconductors Bear 3x Shares has a 52 week low of $31.70 and a 52 week high of $1,698.00. The company has a 50-day simple moving average of $52.63 and a 200 day simple moving average of $231.57.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after buying an additional 2,292,689 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $6,178,000. Smithfield Trust Co bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $4,679,000. HRT Financial LP bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $3,942,000. Finally, UBS Group AG grew its holdings in shares of 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 valued at $3,595,000 after acquiring an additional 787,062 shares in the last quarter.

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.