Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Down 19.4% in March

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 3,468,936 shares, a decrease of 19.4% from the March 15th total of 4,301,269 shares. Approximately 9.9% of the company’s stock are short sold. Based on an average daily volume of 44,436,141 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $43,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $45,000. Nwam LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $56,000. Finally, Marex Group plc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $63,000.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS traded down $0.66 during mid-day trading on Thursday, reaching $20.28. The company’s stock had a trading volume of 87,493,354 shares, compared to its average volume of 43,680,879. The business has a fifty day moving average of $35.51 and a 200 day moving average of $55.30. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $20.07 and a 1 year high of $585.60.

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.