Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume – Here’s Why

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw strong trading volume on Wednesday . 195,711,523 shares changed hands during trading, an increase of 91% from the previous session’s volume of 102,730,281 shares.The stock last traded at $6.59 and had previously closed at $6.29.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 5.7%

The business has a 50-day moving average price of $22.36 and a two-hundred day moving average price of $42.14.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $43,000. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $109,000. PFG Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $75,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $83,000.

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.