Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Short Interest Update

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,204,141 shares, a decline of 88.7% from the June 30th total of 46,008,120 shares. Based on an average daily volume of 65,430,530 shares, the short-interest ratio is presently 0.1 days. Approximately 15.4% of the company’s shares are sold short.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

NYSEARCA:SOXS traded up $5.92 during trading hours on Friday, hitting $51.53. 62,664,705 shares of the stock traded hands, compared to its average volume of 27,311,537. The firm has a 50 day moving average price of $52.63 and a 200 day moving average price of $231.57. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $31.70 and a fifty-two week high of $1,698.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SOXS. Smithfield Trust Co purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $4,679,000. PayPay Securities Corp lifted its position in 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 worth $171,000 after buying an additional 34,320 shares in the last quarter. Capstone Capital Management Ltd acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $252,000. Ballew Advisors Inc grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 46.3% during the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after acquiring an additional 56,928 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $6,178,000.

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.