Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares were down 7.6% during mid-day trading on Tuesday . The company traded as low as $42.60 and last traded at $42.83. Approximately 33,940,848 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 32,489,434 shares. The stock had previously closed at $46.34.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The business’s 50-day moving average is $47.20 and its 200-day moving average is $151.12.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in 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 stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $43,000. OceanIQ Capital LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $44,000. PCG Wealth Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $55,000. Finally, Nwam LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $56,000.
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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