Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 13.1% – Time to Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price were down 13.1% during trading on Tuesday . The company traded as low as $45.85 and last traded at $46.94. 19,638,068 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 26,108,691 shares. The stock had previously closed at $53.99.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 14.3%

The company has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $244.57.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SOXS. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth 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 valued at $6,178,000. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $4,679,000. HRT Financial LP bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $3,942,000. Finally, UBS Group AG boosted 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 buying an additional 787,062 shares during the period.

About Direxion Daily Semiconductors Bear 3x Shares

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.