Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-strong trading volume on Wednesday . Approximately 104,227,059 shares were traded during trading, an increase of 69% from the previous session’s volume of 61,727,188 shares.The stock last traded at $10.40 and had previously closed at $11.51.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 14.8%

The stock has a 50 day moving average of $31.15 and a 200-day moving average of $48.91.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $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 during the 4th quarter valued at $6,178,000. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $4,679,000. HRT Financial LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $3,942,000. Finally, Lane Generational LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $6,309,000.

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.