Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 16.5% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price fell 16.5% during trading on Monday . The company traded as low as $5.61 and last traded at $5.71. 252,706,353 shares were traded during mid-day trading, an increase of 87% from the average session volume of 135,222,016 shares. The stock had previously closed at $6.84.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50 day simple moving average of $17.17 and a 200 day simple moving average of $38.32.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $6,178,000. Smithfield Trust Co purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $3,942,000. Finally, UBS Group AG raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 shares in the last quarter.

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.