Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – Time to Buy?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw an uptick in trading volume on Thursday . 49,998,342 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 56,016,934 shares.The stock last traded at $14.10 and had previously closed at $14.40.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 5.3%

The business has a fifty day moving average of $32.03 and a 200 day moving average of $50.18.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after purchasing an additional 7,098 shares during the last quarter. Game Plan Financial Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $45,000. Vontobel Holding Ltd. raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock worth $134,000 after buying an additional 11,400 shares during the period. IFP Advisors Inc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $43,000. Finally, Tidal Investments LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $109,000.

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.