Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s share price shot up 4.9% on Wednesday . The company traded as high as $34.37 and last traded at $34.02. Approximately 25,966,528 shares were traded during mid-day trading, a decline of 24% from the average session volume of 34,185,145 shares. The stock had previously closed at $32.42.
Direxion Daily Semiconductors Bear 3X ETF Stock Up 4.9%
The stock has a 50 day moving average price of $47.57 and a 200 day moving average price of $127.16.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of institutional investors have recently added to or reduced their stakes in SOXS. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter valued at approximately $4,679,000. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the fourth quarter valued at $6,178,000. Allworth Financial LP bought a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth $130,000. PCG Wealth Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth about $55,000. Finally, Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth about $117,000.
About Direxion Daily Semiconductors Bear 3X ETF
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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