Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 9.2% – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price traded up 9.2% during mid-day trading on Monday . The company traded as high as $10.09 and last traded at $10.08. 198,145,415 shares were traded during trading, an increase of 128% from the average session volume of 86,740,914 shares. The stock had previously closed at $9.23.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company’s 50-day moving average price is $25.57 and its 200 day moving average price is $44.25.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of 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 worth $7,177,000 after acquiring an additional 2,292,689 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $6,178,000. Smithfield Trust Co purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $4,679,000. HRT Financial LP purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $3,942,000. Finally, Lane Generational LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $6,309,000.

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. 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.