Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Wednesday . 195,711,523 shares were traded during trading, an increase of 91% from the previous session’s volume of 102,730,281 shares.The stock last traded at $6.59 and had previously closed at $6.29.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s 50-day simple moving average is $21.08 and its two-hundred day simple moving average is $41.21.

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. JPMorgan Chase & Co. increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after acquiring an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock valued at $796,000 after acquiring an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock valued at $473,000 after acquiring an additional 30,000 shares during the last quarter. Group One Trading LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after acquiring an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at about $109,000.

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.