Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Should You Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw unusually-strong trading volume on Thursday . Approximately 201,064,433 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 162,585,531 shares.The stock last traded at $5.64 and had previously closed at $6.57.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $36.59.

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

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew 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 valued at $7,177,000 after buying an additional 2,292,689 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $6,178,000. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $4,679,000. HRT Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $3,942,000. Finally, UBS Group AG grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after buying an additional 787,062 shares during the last quarter.

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.