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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Friday . 153,263,889 shares were traded during trading, an increase of 85% from the previous session’s volume of 82,653,141 shares.The stock last traded at $9.22 and had previously closed at $8.27.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 10.0%

The firm has a 50-day moving average of $27.47 and a two-hundred day moving average of $45.46.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $43,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth approximately $45,000. Nwam LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $56,000. Finally, Marex Group plc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $63,000.

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.