Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Hits New 1-Year Low – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.12 and last traded at $3.1750, with a volume of 125282863 shares. The stock had previously closed at $3.22.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 3.5%

The company’s fifty day simple moving average is $3.96 and its 200 day simple moving average is $6.70.

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

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 7.3% during the 1st quarter. Jump Financial LLC now owns 192,109 shares of the company’s stock valued at $5,569,000 after acquiring an additional 13,009 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 277.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares in the last quarter. Howard Financial Services LTD. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at $245,000. Ballew Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $896,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 452.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,873 shares of the company’s stock valued at $1,012,000 after purchasing an additional 111,300 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.