Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) saw unusually-high trading volume on Monday. Approximately 22,896,388 shares changed hands during mid-day trading, a decline of 34% from the previous session’s volume of 34,866,855 shares. The stock last traded at $34.15 and had previously closed at $32.43.

Direxion Daily Semiconductors Bear 3X ETF Stock Performance

The company has a 50 day simple moving average of $46.51 and a two-hundred day simple moving average of $119.06.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 4th quarter valued at $6,178,000. Two Sigma Securities LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth $3,126,000. GTS Securities LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $1,109,000. Allworth Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $130,000. Finally, Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $117,000.

About Direxion Daily Semiconductors Bear 3X ETF

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.