Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) saw unusually-high trading volume on Monday . 20,720,942 shares were traded during trading, a decline of 38% from the previous session’s volume of 33,556,887 shares.The stock last traded at $37.97 and had previously closed at $41.49.
Direxion Daily Semiconductors Bear 3X ETF Stock Down 12.1%
The firm has a fifty day simple moving average of $48.01 and a 200 day simple moving average of $132.30.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter worth about $6,178,000. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter worth about $4,679,000. UBS Group AG grew its stake in Direxion Daily Semiconductors Bear 3X ETF by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after buying an additional 787,062 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth approximately $3,126,000. Finally, GTS Securities LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth approximately $1,109,000.
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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