Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Update

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,204,141 shares, a decrease of 88.7% from the June 30th total of 46,008,120 shares. Based on an average daily volume of 65,430,530 shares, the short-interest ratio is presently 0.1 days. Currently, 15.4% of the shares of the stock are sold short.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 12.7%

Shares of SOXS traded up $6.57 during mid-day trading on Monday, reaching $58.10. The company had a trading volume of 46,705,472 shares, compared to its average volume of 27,433,178. Direxion Daily Semiconductors Bear 3x Shares has a twelve month low of $31.70 and a twelve month high of $1,698.00. The company’s 50-day moving average is $52.63 and its 200-day moving average is $229.48.

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

A number of hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after acquiring an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $43,000. Nwam LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $56,000. Marex Group plc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $63,000. Finally, VestGen Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $81,000.

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.