Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 4.7% – Time to Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares fell 4.7% during trading on Tuesday . The stock traded as low as $37.87 and last traded at $37.91. 28,628,442 shares were traded during trading, a decline of 17% from the average session volume of 34,561,883 shares. The stock had previously closed at $39.78.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.8%

The stock has a fifty day simple moving average of $40.47 and a 200 day simple moving average of $71.58.

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

Several large investors have recently bought and sold shares of SOXS. Game Plan Financial Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $45,000. Toronto Dominion Bank grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares during the period. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $43,000. Tidal Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at approximately $109,000. Finally, PFG Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $75,000.

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.