Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 10.1% – Time to Buy?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded up 10.1% on Monday . The stock traded as high as $26.17 and last traded at $26.31. 8,789,832 shares were traded during mid-day trading, a decline of 81% from the average session volume of 47,171,043 shares. The stock had previously closed at $23.90.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The firm’s 50-day simple moving average is $20.62 and its 200 day simple moving average is $21.65.

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

A number of institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at approximately $37,000. PayPay Securities Corp bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $65,000. Edgestream Partners L.P. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $397,000. Corient Private Wealth LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $573,000. Finally, Vontobel Holding Ltd. raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock worth $639,000 after purchasing an additional 6,095 shares during the last quarter.

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.