Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – What’s Next?

Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) saw an uptick in trading volume on Monday . Approximately 20,720,942 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 33,556,887 shares.The stock last traded at $37.97 and had previously closed at $41.49.

Direxion Daily Semiconductors Bear 3X ETF Trading Down 8.2%

The stock’s fifty day moving average price is $47.57 and its 200 day moving average price is $127.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $117,000. NewEdge Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $45,000. Allworth Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $130,000. Corient Private Wealth LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $78,000. Finally, PCG Wealth Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $55,000.

About Direxion Daily Semiconductors Bear 3X ETF

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.