Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw an uptick in trading volume on Wednesday . 104,227,059 shares traded hands during trading, an increase of 69% from the previous session’s volume of 61,727,188 shares.The stock last traded at $10.40 and had previously closed at $11.51.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50-day moving average of $30.20 and a 200 day moving average of $47.92.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after buying an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $6,178,000. Smithfield Trust Co purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $4,679,000. HRT Financial LP purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $3,942,000. Finally, Lane Generational LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $6,309,000.

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.