Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s stock price was up 12.7% during trading on Thursday. The company traded as high as $50.38 and last traded at $49.92. 21,965,226 shares changed hands during trading, a decline of 43% from the average session volume of 38,677,098 shares. The stock had previously closed at $44.29.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The firm has a 50 day simple moving average of $41.93 and a 200 day simple moving average of $73.64.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $130,000. Corient Private Wealth LP purchased a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $78,000. Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $117,000. PCG Wealth Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $55,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $45,000.
About Direxion Daily Semiconductors Bear 3X ETF
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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