Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 6.6% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price rose 6.6% during trading on Friday . The company traded as high as $48.87 and last traded at $48.63. Approximately 15,144,931 shares were traded during trading, a decline of 44% from the average daily volume of 26,917,404 shares. The stock had previously closed at $45.61.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50-day moving average of $53.45 and a 200 day moving average of $232.83.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $43,000. Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth about $109,000. Headlands Technologies LLC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after buying an additional 17,744 shares during the period. Finally, Nwam LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $56,000.

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.