Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Update

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 12,941,928 shares, an increase of 162.3% from the April 15th total of 4,934,178 shares. Based on an average daily volume of 153,931,459 shares, the short-interest ratio is presently 0.1 days. Currently, 9.9% of the shares of the company are short sold.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 10.8%

Shares of NYSEARCA SOXS opened at $9.16 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $8.12 and a fifty-two week high of $280.20. The business has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $45.46.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Large investors have recently made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $45,000. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $43,000. Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $109,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $75,000. Finally, Modern Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $83,000.

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.