Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Wednesday . Approximately 174,639,778 shares changed hands during trading, a decline of 11% from the previous session’s volume of 195,761,859 shares.The stock last traded at $4.07 and had previously closed at $4.04.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 11.0%

The firm’s 50 day moving average is $9.06 and its two-hundred day moving average is $31.41.

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

A number of institutional investors have recently made changes to their positions in SOXS. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after buying an additional 2,292,689 shares during the period. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $6,178,000. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $4,679,000. HRT Financial LP bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $3,942,000. Finally, UBS Group AG increased its position in Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after purchasing an additional 787,062 shares during the period.

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.