Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 3.9% – Time to Buy?

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

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a 50 day moving average price of $22.05 and a two-hundred day moving average price of $22.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Scientech Research LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $228,000. SG Americas Securities LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $280,000. Edgestream Partners L.P. bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $397,000. Vontobel Holding Ltd. grew its position in Direxion Daily Semiconductors Bear 3x Shares by 151.9% during the 3rd 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 last quarter. Finally, Ground Swell Capital LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at 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.