Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 7.9% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares traded up 7.9% during mid-day trading on Friday . The stock traded as high as $49.12 and last traded at $48.92. Approximately 25,171,987 shares were traded during trading, a decline of 21% from the average daily volume of 31,980,385 shares. The stock had previously closed at $45.35.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 9.9%

The business’s fifty day moving average is $45.86 and its two-hundred day moving average is $165.34.

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

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after acquiring an additional 272,129 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock valued at $796,000 after purchasing an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock valued at $473,000 after purchasing an additional 30,000 shares during the last quarter. Group One Trading LLC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the 2nd quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after purchasing an additional 137,001 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $109,000.

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.