Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 26,658,226 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 36,430,508 shares. The stock last traded at $32.62 and had previously closed at $30.65.

Direxion Daily Semiconductors Bear 3X ETF Stock Performance

The business’s 50 day simple moving average is $42.12 and its 200 day simple moving average is $95.71.

Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $117,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth about $45,000. Allworth Financial LP acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth about $130,000. Corient Private Wealth LP bought a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $78,000. Finally, PCG Wealth Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at about $55,000.

Direxion Daily Semiconductors Bear 3X ETF Company Profile

(Get Free Report)

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.

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