Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 18,853,909 shares traded hands during trading, a decline of 38% from the previous session’s volume of 30,458,709 shares.The stock last traded at $39.63 and had previously closed at $44.03.
Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.1%
The firm’s 50 day moving average is $46.73 and its two-hundred day moving average is $190.58.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its position in shares of 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 acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $43,000. Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $56,000. Marex Group plc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $63,000. Finally, VestGen Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $81,000.
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.
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