Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s share price was up 4.9% on Wednesday . The company traded as high as $34.37 and last traded at $34.02. Approximately 25,966,528 shares were traded during trading, a decline of 24% from the average session volume of 34,185,145 shares. The stock had previously closed at $32.42.
Direxion Daily Semiconductors Bear 3X ETF Price Performance
The business’s 50 day moving average is $47.57 and its 200-day moving average is $127.16.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Several hedge funds and other institutional investors have recently modified their holdings of SOXS. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the fourth quarter valued at about $6,178,000. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter worth about $4,679,000. Two Sigma Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $3,126,000. GTS Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $1,109,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter valued at approximately $151,000.
Direxion Daily Semiconductors Bear 3X ETF 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.
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