Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) traded down 6.5% during mid-day trading on Thursday . The company traded as low as $38.21 and last traded at $38.29. Approximately 24,894,338 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 30,624,914 shares. The stock had previously closed at $40.97.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 7.4%
The business has a fifty day simple moving average of $46.97 and a 200 day simple moving average of $193.15.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
A number of large investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its position 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 purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $43,000. Nwam LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $56,000. Marex Group plc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $63,000. Finally, VestGen Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $81,000.
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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