Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 49,998,342 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 56,016,934 shares.The stock last traded at $14.10 and had previously closed at $14.40.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 2.4%
The business has a 50-day moving average price of $31.60 and a two-hundred day moving average price of $49.93.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $45,000. IFP Advisors Inc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $43,000. Tidal Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $109,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $75,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $83,000.
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.
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