Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Strong Trading Volume – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw strong trading volume on Thursday . 201,064,433 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 162,585,531 shares.The stock last traded at $5.64 and had previously closed at $6.57.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a fifty day moving average of $13.54 and a 200 day moving average of $35.76.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SOXS. Toronto Dominion Bank lifted its holdings in 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 acquiring an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $43,000. Nwam LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $56,000. Marex Group plc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $63,000. Finally, VestGen Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $81,000.

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.