Large Outflow of Money Witnessed in iShares PHLX SOX Semiconductor Sector Index Fund

iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) traded on a positive note gaining 1.83 points or 1.43% to be valued at $129.69 per share. Intraday, the shares aggregated $12.33 million in upticks but saw an exodus of $15.8 million in downticks. The net money flow was calculated to be $(-3.47) million with the final up/down ratio coming in at 0.78. The share price has seen a change of -0.38% in value during the week. Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of iShares PHLX Semiconductor rose by 0.44% in the last five trading days and 5.84% for the last 4 weeks. iShares PHLX Semiconductor is up 16.91% in the last 3-month period. Year-to-Date the stock performance stands at 5.84%. iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) rose 1.59% or 2.03 points on Wednesday and made its way into the gainers of the day. After trading began at $129.24 the stock was seen hitting $129.95 as a peak level and $128.59 as the lowest level. The stock ended up at $129.89. The daily volume was measured at 597,572 shares. The 52-week high of the share price is $130.23 and the 52-week low is $74.8. The company has a market cap of $656 million.

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