Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 9.2% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) were up 9.2% on Monday . The company traded as high as $10.09 and last traded at $10.08. Approximately 198,145,415 shares traded hands during mid-day trading, an increase of 128% from the average daily volume of 86,740,914 shares. The stock had previously closed at $9.23.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 12.4%

The business has a 50-day moving average of $26.88 and a 200-day moving average of $45.05.

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

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of 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 acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $6,178,000. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $4,679,000. HRT Financial LP bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $3,942,000. Finally, Lane Generational LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $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.