Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Strong Trading Volume – What’s Next?

Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) saw unusually-high trading volume on Monday . Approximately 23,613,212 shares were traded during trading, a decline of 28% from the previous session’s volume of 32,998,098 shares.The stock last traded at $50.74 and had previously closed at $44.14.

Direxion Daily Semiconductors Bear 3X ETF Price Performance

The company has a 50-day moving average price of $47.54 and a 200 day moving average price of $142.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its position in shares of Direxion Daily Semiconductors Bear 3X ETF by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares during the last quarter. IFP Advisors Inc bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter valued at $43,000. OceanIQ Capital LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth $44,000. NewEdge Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth $45,000. Finally, PCG Wealth Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth $55,000.

Direxion Daily Semiconductors Bear 3X ETF 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.