Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw strong trading volume on Thursday . 19,841,139 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 25,040,729 shares.The stock last traded at $50.93 and had previously closed at $45.98.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock’s 50-day moving average is $58.17 and its two-hundred day moving average is $256.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $4,679,000. PayPay Securities Corp boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the fourth quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after buying an additional 34,320 shares during the last quarter. Capstone Capital Management Ltd bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $252,000. Ballew Advisors Inc grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 46.3% during the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after buying an additional 56,928 shares in the last quarter. Finally, Fragasso Financial Advisors Inc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at approximately $141,000.

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.