Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares saw unusually-high trading volume on Wednesday . 20,283,587 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 27,798,158 shares.The stock last traded at $66.27 and had previously closed at $62.87.
Direxion Daily Semiconductors Bear 3x Shares Stock Down 26.3%
The firm’s fifty day moving average is $50.19 and its 200 day moving average is $217.46.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $6,178,000. Axxcess Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $151,000. VestGen Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $81,000. Toronto Dominion Bank increased its stake in 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 buying an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $2,212,000.
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.
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