Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Wednesday . 28,734,296 shares were traded during trading, a decline of 8% from the previous session’s volume of 31,396,063 shares.The stock last traded at $46.87 and had previously closed at $44.19.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 4.4%

The business’s fifty day simple moving average is $45.50 and its two-hundred day simple moving average is $183.38.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank grew its position in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $109,000. Headlands Technologies LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after acquiring an additional 17,744 shares during the period. Finally, Nwam LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $56,000.

Direxion Daily Semiconductors Bear 3x Shares 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.