Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) traded down 4.9% on Thursday . The stock traded as low as $44.71 and last traded at $45.74. Approximately 11,034,437 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 31,827,434 shares. The stock had previously closed at $48.09.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The firm has a 50 day simple moving average of $45.86 and a 200-day simple moving average of $165.34.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in SOXS. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $4,679,000. Capstone Capital Management Ltd acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $252,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $6,178,000. UBS Group AG grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after purchasing an additional 787,062 shares during the last quarter. Finally, IMC Chicago LLC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 33.1% during the fourth quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock valued at $2,140,000 after purchasing an additional 169,995 shares during the last quarter.
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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