Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,941,928 shares, a growth of 162.3% from the April 15th total of 4,934,178 shares. Currently, 9.9% of the company’s shares are sold short. Based on an average daily volume of 153,931,459 shares, the days-to-cover ratio is currently 0.1 days.
Direxion Daily Semiconductors Bear 3x Shares Trading Up 11.6%
SOXS traded up $0.96 during trading on Friday, hitting $9.23. 398,536,618 shares of the stock were exchanged, compared to its average volume of 85,921,555. The firm has a 50 day simple moving average of $26.88 and a 200 day simple moving average of $45.21. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $8.12 and a 1 year high of $280.20.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $45,000. IFP Advisors Inc purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $43,000. Tidal Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $109,000. PFG Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $75,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth $83,000.
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.
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