Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 5.6%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price fell 5.6% during mid-day trading on Monday . The company traded as low as $43.29 and last traded at $43.56. 14,742,211 shares traded hands during trading, an increase of 2% from the average session volume of 14,472,332 shares. The stock had previously closed at $46.13.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s 50 day simple moving average is $36.33 and its 200-day simple moving average is $64.15.

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

A number of institutional investors have recently modified their holdings of the stock. PayPay Securities Corp lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 119.3% in the 1st quarter. PayPay Securities Corp now owns 40,978 shares of the company’s stock valued at $132,000 after purchasing an additional 22,291 shares during the last quarter. Howard Financial Services LTD. lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 566.7% in the 1st quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock valued at $642,000 after purchasing an additional 170,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at $789,000. IMC Chicago LLC lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 4.1% in the 1st quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock valued at $418,000 after purchasing an additional 5,083 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $81,000.

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.