Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw strong trading volume on Wednesday . 104,227,059 shares were traded during trading, an increase of 69% from the previous session’s volume of 61,727,188 shares.The stock last traded at $10.40 and had previously closed at $11.51.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 14.8%

The company’s 50-day moving average is $31.15 and its two-hundred day moving average is $48.91.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after purchasing an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% in the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after buying an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after buying an additional 30,000 shares during the last quarter. Group One Trading LLC raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after buying an additional 137,001 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at $109,000.

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.