Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Unusually-High Trading Volume

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually-high trading volume on Friday . Approximately 21,975,174 shares were traded during trading, a decline of 31% from the previous session’s volume of 31,803,000 shares.The stock last traded at $29.61 and had previously closed at $27.29.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50 day simple moving average of $24.49 and a two-hundred day simple moving average of $29.14.

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

Large investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 1,602.6% during the first quarter. Jane Street Group LLC now owns 1,449,350 shares of the company’s stock worth $4,652,000 after acquiring an additional 1,364,222 shares during the period. Simplex Trading LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 672.6% during the first quarter. Simplex Trading LLC now owns 309,915 shares of the company’s stock worth $994,000 after purchasing an additional 269,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at about $789,000. Howard Financial Services LTD. lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 566.7% during the first quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock worth $642,000 after buying an additional 170,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $3,605,000.

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.