Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 6.1% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares traded up 6.1% on Tuesday . The stock traded as high as $4.25 and last traded at $4.19. 241,992,217 shares changed hands during trading, an increase of 38% from the average session volume of 175,471,266 shares. The stock had previously closed at $3.95.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 8.6%

The firm’s 50 day moving average is $12.90 and its two-hundred day moving average is $34.92.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Large investors have recently added to or reduced their stakes in the business. Group One Trading LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 64.4% during the 3rd quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after buying an additional 119,167 shares during the period. PayPay Securities Corp increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 169.2% in the 4th quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after purchasing an additional 34,320 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $536,000. Ballew Advisors Inc increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 46.3% in the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after purchasing an additional 56,928 shares during the last quarter. Finally, Capstone Capital Management Ltd purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $252,000.

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.