Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 6.1% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price were up 6.1% during mid-day trading on Tuesday . The company traded as high as $4.25 and last traded at $4.19. Approximately 241,992,217 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 175,471,266 shares. The stock had previously closed at $3.95.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 8.6%

The business’s 50 day moving average price is $12.90 and its 200-day moving average price is $34.92.

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

A number of institutional investors and hedge funds have recently made changes to their positions in SOXS. Toronto Dominion Bank raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th 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 period. IFP Advisors Inc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Nwam LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $56,000. Marex Group plc purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $63,000. Finally, VestGen Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $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.