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

Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) shares saw unusually-high trading volume on Thursday. Approximately 26,658,226 shares changed hands during trading, a decline of 27% from the previous session’s volume of 36,430,508 shares. The stock last traded at $32.62 and had previously closed at $30.65.

Direxion Daily Semiconductors Bear 3X ETF Trading Up 4.4%

The firm’s fifty day moving average is $42.92 and its 200-day moving average is $98.77.

Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF

Hedge funds have recently modified their holdings of the company. OceanIQ Capital LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $44,000. NewEdge Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $45,000. PCG Wealth Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at $55,000. Corient Private Wealth LP acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at $78,000. Finally, Tidal Investments LLC bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $117,000.

Direxion Daily Semiconductors Bear 3X ETF 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.