Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shares saw strong trading volume on Wednesday. 42,534,589 shares were traded during trading, an increase of 1% from the average daily volume of 42,129,516 shares. The stock last traded at $47.76 and had previously closed at $55.36.
Direxion Daily Semiconductors Bear 3X ETF Trading Down 24.1%
The stock has a fifty day moving average of $44.36 and a 200-day moving average of $146.85.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Several hedge funds have recently made changes to their positions in SOXS. Formidable Asset Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the third quarter worth $11,899,000. Tidal Investments LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $117,000. NewEdge Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $45,000. Allworth Financial LP acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $130,000. Finally, Corient Private Wealth LP bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth about $78,000.
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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