Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw an uptick in trading volume on Thursday . Approximately 6,375,984 shares traded hands during trading, a decline of 54% from the previous session’s volume of 13,970,789 shares.The stock last traded at $40.62 and had previously closed at $39.15.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 11.8 %

The company has a fifty day simple moving average of $36.41 and a 200 day simple moving average of $65.81.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $65,000. Quantbot Technologies LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $210,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $127,000. Bellecapital International Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $72,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth approximately $152,000.

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.