Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 3.9% – Should You Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares traded up 3.9% during mid-day trading on Tuesday . The stock traded as high as $19.70 and last traded at $19.36. 55,354,002 shares were traded during trading, an increase of 13% from the average session volume of 49,183,242 shares. The stock had previously closed at $18.63.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s fifty day moving average price is $22.05 and its 200-day moving average price is $22.81.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scientech Research LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $228,000. SG Americas Securities LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth $280,000. Edgestream Partners L.P. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $397,000. Vontobel Holding Ltd. grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 151.9% during the third quarter. Vontobel Holding Ltd. now owns 22,330 shares of the company’s stock valued at $452,000 after purchasing an additional 13,467 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $483,000.

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.