Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 3.9% – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares traded up 3.9% on Friday . The company traded as high as $42.90 and last traded at $42.77. 15,763,557 shares changed hands during trading, a decline of 58% from the average session volume of 37,229,668 shares. The stock had previously closed at $41.18.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 2.6%

The firm’s fifty day moving average price is $38.17 and its 200 day moving average price is $64.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SOXS. Ballew Advisors Inc grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 2.3% in the third quarter. Ballew Advisors Inc now owns 123,016 shares of the company’s stock valued at $636,000 after buying an additional 2,766 shares in the last quarter. PayPay Securities Corp lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 53.9% during the 3rd quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock worth $105,000 after acquiring an additional 7,098 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $45,000. Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after acquiring an additional 11,400 shares during the period. Finally, IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $43,000.

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.