Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Shares Up 6.7% – What’s Next?

Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS)’s share price traded up 6.7% during trading on Monday. The stock traded as high as $37.01 and last traded at $36.71. Approximately 20,195,609 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 36,942,094 shares. The stock had previously closed at $34.39.

Direxion Daily Semiconductors Bear 3X ETF Price Performance

The company’s 50-day moving average is $41.70 and its 200-day moving average is $88.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. OceanIQ Capital LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth $44,000. NewEdge Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $45,000. PCG Wealth Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $55,000. Corient Private Wealth LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $78,000. Finally, Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $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.