Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shares traded up 5.9% during trading on Tuesday. The company traded as high as $59.24 and last traded at $58.39. Approximately 69,426,239 shares were traded during mid-day trading, an increase of 65% from the average session volume of 42,017,438 shares. The stock had previously closed at $55.15.
Direxion Daily Semiconductors Bear 3X ETF Price Performance
The stock’s 50-day moving average is $44.22 and its 200 day moving average is $145.06.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOXS. OceanIQ Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $44,000. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $45,000. PCG Wealth Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $55,000. Corient Private Wealth LP bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $78,000. Finally, Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at approximately $117,000.
Direxion Daily Semiconductors Bear 3X ETF 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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