Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 8.8% – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shot up 8.8% during trading on Thursday . The stock traded as high as $3.83 and last traded at $3.7850. 151,854,028 shares were traded during mid-day trading, an increase of 13% from the average session volume of 134,268,984 shares. The stock had previously closed at $3.48.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 0.8%

The business has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $7.84.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Game Plan Financial Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $45,000. Eastern Bank acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $61,000. PFG Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $75,000. Modern Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $83,000. Finally, PayPay Securities Corp grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after purchasing an additional 11,570 shares in 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.