Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares were up 5.1% during mid-day trading on Thursday . The company traded as high as $38.98 and last traded at $38.72, approximately 2,887,055 shares were traded during trading. An increase of 210% from the average daily volume of 930,325 shares. The stock had previously closed at $36.84.

The firm has a 50-day moving average of $29.73.

Several institutional investors and hedge funds have recently made changes to their positions in SOXS. Deutsche Bank AG purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $211,000. XR Securities LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 1,076.3% during the first quarter. XR Securities LLC now owns 210,144 shares of the company’s stock worth $1,381,000 after acquiring an additional 192,279 shares during the last quarter. Virtu Financial LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 2,989.3% during the first quarter. Virtu Financial LLC now owns 324,439 shares of the company’s stock worth $2,132,000 after acquiring an additional 313,937 shares during the last quarter. Clean Yield Group grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 900.0% during the first quarter. Clean Yield Group now owns 20,000 shares of the company’s stock worth $131,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Smithfield Trust Co. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter worth approximately $1,083,000.

About Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

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.

Further Reading: Moving Average Convergence Divergence (MACD)

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