Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shares saw an uptick in trading volume on Wednesday. Approximately 42,476,182 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 40,457,055 shares. The stock last traded at $54.60 and had previously closed at $53.64.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The stock has a 50-day moving average price of $43.62 and a 200-day moving average price of $152.04.
Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Formidable Asset Management LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the third quarter worth $11,899,000. Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $117,000. NewEdge Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth $45,000. Allworth Financial LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $130,000. Finally, Corient Private Wealth LP purchased a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at about $78,000.
Direxion Daily Semiconductors Bear 3X ETF 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.
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