Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-strong trading volume on Tuesday . 26,495,310 shares were traded during trading, a decline of 10% from the previous session’s volume of 29,341,939 shares.The stock last traded at $44.69 and had previously closed at $53.08.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day moving average of $49.24 and a 200 day moving average of $211.75.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after acquiring an additional 2,292,689 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $6,178,000. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $3,942,000. Finally, UBS Group AG boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 shares during the last quarter.

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.