Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Wednesday . 28,734,296 shares traded hands during trading, a decline of 8% from the previous session’s volume of 31,396,063 shares.The stock last traded at $46.87 and had previously closed at $44.19.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 1.7%

The stock has a 50 day moving average price of $45.06 and a 200 day moving average price of $178.78.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $43,000. Nwam LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $56,000. Marex Group plc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $63,000. Finally, VestGen Advisors LLC bought a new stake in 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.