Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 11.4% – Here’s Why

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) rose 11.4% on Wednesday . The company traded as high as $2.19 and last traded at $2.1950. Approximately 388,787,753 shares were traded during trading, a decline of 11% from the average daily volume of 436,552,656 shares. The stock had previously closed at $1.97.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 13.5%

The business’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $4.55.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SOXS. Nwam LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $56,000. IMC Chicago LLC raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 33.1% during the 4th quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock valued at $2,140,000 after purchasing an additional 169,995 shares during the period. UBS Group AG lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 shares in the last quarter. PayPay Securities Corp lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 169.2% in the 4th quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock worth $171,000 after purchasing an additional 34,320 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 113.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 64,000 shares of the company’s stock worth $200,000 after purchasing an additional 34,000 shares during the period.

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.