Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 16.5% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) were down 16.5% on Monday . The stock traded as low as $5.61 and last traded at $5.71. Approximately 252,706,353 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 135,222,016 shares. The stock had previously closed at $6.84.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 20.8%

The firm has a 50 day moving average of $17.17 and a two-hundred day moving average of $38.32.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SOXS. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $6,178,000. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $4,679,000. HRT Financial LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $3,942,000. Finally, UBS Group AG increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% during 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.

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.