Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Wednesday . 195,711,523 shares changed hands during trading, an increase of 91% from the previous session’s volume of 102,730,281 shares.The stock last traded at $6.59 and had previously closed at $6.29.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a fifty day moving average of $22.36 and a two-hundred day moving average of $42.14.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently added to or reduced their stakes in SOXS. Toronto Dominion Bank boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares during the period. IFP Advisors Inc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $43,000. Nwam LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $56,000. Marex Group plc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $63,000. Finally, PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $75,000.

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.