Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw an uptick in trading volume on Wednesday . Approximately 174,639,778 shares changed hands during trading, a decline of 11% from the previous session’s volume of 195,761,859 shares.The stock last traded at $4.07 and had previously closed at $4.04.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a 50-day moving average of $9.78 and a two-hundred day moving average of $32.22.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds have recently modified their holdings of SOXS. Toronto Dominion Bank grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $43,000. Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at $109,000. Modern Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $83,000. Finally, Headlands Technologies LLC lifted its position in 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 worth $142,000 after purchasing an additional 17,744 shares during the period.

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.