Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Sees Strong Trading Volume – Here’s Why

Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) shares saw an uptick in trading volume on Monday . 20,720,942 shares traded hands during trading, a decline of 38% from the previous session’s volume of 33,556,887 shares.The stock last traded at $37.97 and had previously closed at $41.49.

Direxion Daily Semiconductors Bear 3X ETF Price Performance

The business has a 50 day simple moving average of $48.01 and a 200 day simple moving average of $132.30.

Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the fourth quarter valued at about $6,178,000. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter valued at approximately $4,679,000. Two Sigma Securities LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $3,126,000. UBS Group AG increased its stake in Direxion Daily Semiconductors Bear 3X ETF by 217.8% in the fourth 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 in the last quarter. Finally, GTS Securities LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $1,109,000.

About Direxion Daily Semiconductors Bear 3X ETF

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.