Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw unusually-high trading volume on Wednesday . 28,734,296 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 31,396,063 shares.The stock last traded at $46.87 and had previously closed at $44.19.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company’s 50-day simple moving average is $45.50 and its 200 day simple moving average is $183.38.

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

A number of large investors have recently bought and sold shares of SOXS. IFP Advisors Inc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth approximately $109,000. Vontobel Holding Ltd. boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 62.9% in the fourth quarter. Vontobel Holding Ltd. now owns 42,200 shares of the company’s stock valued at $132,000 after acquiring an additional 16,300 shares during the period. Headlands Technologies LLC boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after acquiring an additional 17,744 shares during the period. Finally, Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $56,000.

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.