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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price rose 10.1% during trading on Monday . The stock traded as high as $26.17 and last traded at $26.31. Approximately 8,789,832 shares traded hands during trading, a decline of 81% from the average daily volume of 47,171,043 shares. The stock had previously closed at $23.90.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The firm has a 50 day moving average of $20.62 and a 200 day moving average of $21.65.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $37,000. PayPay Securities Corp bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $65,000. Edgestream Partners L.P. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $397,000. Corient Private Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $573,000. Finally, Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the fourth 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.

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.