Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 9.9% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded up 9.9% during trading on Thursday . The company traded as high as $1.90 and last traded at $1.9350. 253,469,282 shares were traded during mid-day trading, a decline of 34% from the average session volume of 381,563,938 shares. The stock had previously closed at $1.76.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 11.9%

The business has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $4.66.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $45,000. Eastern Bank bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at approximately $61,000. PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $75,000. Modern Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth about $83,000. Finally, J. Safra Sarasin Holding AG bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $94,000.

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.