Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 202,609,953 shares were traded during trading, an increase of 60% from the previous session’s volume of 126,754,656 shares.The stock last traded at $6.05 and had previously closed at $5.20.
Direxion Daily Semiconductors Bear 3x Shares Trading Up 20.2%
The stock has a 50 day moving average of $17.75 and a 200-day moving average of $38.85.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
A number of institutional investors and hedge funds have recently modified their holdings of SOXS. JPMorgan Chase & Co. lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after acquiring an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after acquiring an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after acquiring an additional 30,000 shares during the last quarter. Group One Trading LLC lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the 2nd quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after acquiring an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $109,000.
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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