Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares were down 4.9% on Wednesday . The stock traded as low as $35.23 and last traded at $35.64. Approximately 18,904,813 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 37,023,473 shares. The stock had previously closed at $37.46.
Direxion Daily Semiconductors Bear 3x Shares Stock Down 4.8%
The company’s fifty day moving average is $38.40 and its 200 day moving average is $64.71.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its stake in 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 during the period. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $43,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth about $45,000. Nwam LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $56,000. Finally, Marex Group plc purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $63,000.
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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