Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shot up 4.9% on Wednesday. The company traded as high as $34.37 and last traded at $34.02. Approximately 25,966,528 shares traded hands during trading, a decline of 24% from the average session volume of 34,185,145 shares. The stock had previously closed at $32.42.
Direxion Daily Semiconductors Bear 3X ETF Trading Down 0.1%
The firm has a fifty day simple moving average of $46.96 and a 200-day simple moving average of $121.63.
Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF
A number of hedge funds have recently modified their holdings of SOXS. Tidal Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $117,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $45,000. Allworth Financial LP bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $130,000. Corient Private Wealth LP bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $78,000. Finally, PCG Wealth Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $55,000.
Direxion Daily Semiconductors Bear 3X ETF 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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