Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) experienced significant trading activity on Friday, with 23,670,082 shares changing hands during mid-day trading, marking a 40% increase from the previous session’s volume of 16,915,852 shares. The stock’s price reached $29.00, up from the previous close at $26.76.

The firm’s fifty-day moving average price stands at $33.27, while the 200-day moving average price is $48.33. Institutional investors and hedge funds have been active in adjusting their positions in Direxion Daily Semiconductors Bear 3x Shares. Jane Street Group LLC notably increased its holdings by 1,602.6% in the 1st quarter, now owning 1,449,350 shares valued at $4,652,000. Simplex Trading LLC also boosted its holdings by 672.6% during the same period, holding 309,915 shares worth $994,000. Wealth Enhancement Advisory Services LLC and AI Squared Management Ltd initiated new positions in the 1st and 4th quarters, respectively, while Howard Financial Services LTD. saw a 566.7% increase in its holdings.

Direxion Daily Semiconductors Bear 3x Shares aims to achieve daily investment results that reflect 300% of the inverse performance of the PHLX Semiconductor Sector Index. This index measures the performance of the semiconductor subsector of the US equity market.

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