Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Update

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 4,934,178 shares, a growth of 42.2% from the March 31st total of 3,468,936 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average trading volume of 72,085,355 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 7.6%

Shares of SOXS stock traded down $1.10 on Thursday, reaching $13.30. The company had a trading volume of 189,742,401 shares, compared to its average volume of 57,896,004. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $13.25 and a one year high of $380.60. The business’s 50-day moving average is $32.03 and its 200 day moving average is $50.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. PayPay Securities Corp increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after buying an additional 7,098 shares during the period. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $45,000. Vontobel Holding Ltd. increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% in the third quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after buying an additional 11,400 shares during the period. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $43,000. Finally, Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $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.