Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 14.6% – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) rose 14.6% during mid-day trading on Friday . The stock traded as high as $4.20 and last traded at $4.16. 177,447,284 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 206,648,359 shares. The stock had previously closed at $3.63.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 13.5%

The stock’s fifty day moving average price is $9.06 and its 200 day moving average price is $31.41.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during 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 during the period. Virtu Financial LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $6,178,000. Smithfield Trust Co purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $3,942,000. Finally, UBS Group AG grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after purchasing an additional 787,062 shares during the period.

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.