Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 4%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares rose 4% during trading on Wednesday . The stock traded as high as $37.60 and last traded at $37.28. Approximately 7,656,206 shares traded hands during trading, a decline of 44% from the average daily volume of 13,794,514 shares. The stock had previously closed at $35.86.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day simple moving average of $36.63 and a 200 day simple moving average of $66.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SOXS. Howard Financial Services LTD. boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 566.7% during the 1st quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock valued at $642,000 after purchasing an additional 170,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the first quarter worth about $789,000. IMC Chicago LLC boosted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 4.1% in the 1st quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock worth $418,000 after buying an additional 5,083 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 37.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 25,330 shares of the company’s stock valued at $147,000 after acquiring an additional 6,890 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $81,000.

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.