Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Down 94.7% in March

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,301,269 shares, a drop of 94.7% from the February 26th total of 81,552,328 shares. Based on an average trading volume of 72,704,856 shares, the short-interest ratio is currently 0.1 days. Currently, 15.2% of the shares of the company are short sold. Currently, 15.2% of the shares of the company are short sold. Based on an average trading volume of 72,704,856 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SOXS. Tower Research Capital LLC TRC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during 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 during the period. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $6,178,000. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $4,679,000. HRT Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $3,942,000. Finally, Lane Generational LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at about $6,309,000.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 3.7%

NYSEARCA:SOXS traded down $1.40 during mid-day trading on Wednesday, hitting $36.06. The stock had a trading volume of 41,498,525 shares, compared to its average volume of 37,447,684. Direxion Daily Semiconductors Bear 3x Shares has a twelve month low of $31.40 and a twelve month high of $1,068.60. The company’s 50 day simple moving average is $38.40 and its 200 day simple moving average is $64.71.

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.