Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Large Volume Increase – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) saw an uptick in trading volume on Thursday. Approximately 26,658,226 shares traded hands during trading, a decline of 27% from the previous session’s volume of 36,430,508 shares. The stock last traded at $32.62 and had previously closed at $30.65.

Direxion Daily Semiconductors Bear 3X ETF Trading Up 4.4%

The firm’s 50-day moving average price is $42.92 and its two-hundred day moving average price is $98.77.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF

Several large investors have recently modified their holdings of the stock. OceanIQ Capital LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $44,000. NewEdge Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at $45,000. PCG Wealth Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $55,000. Corient Private Wealth LP acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $78,000. Finally, Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $117,000.

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.