Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw an uptick in trading volume on Friday . 202,609,953 shares traded hands during trading, an increase of 60% from the previous session’s volume of 126,754,656 shares.The stock last traded at $6.05 and had previously closed at $5.20.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 20.2%

The firm has a 50 day moving average price of $17.75 and a 200-day moving average price of $38.85.

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

Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $109,000. Modern Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $83,000. Finally, Headlands Technologies LLC lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after purchasing an additional 17,744 shares during the last quarter.

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.