Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sets New 12-Month Low – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price hit a new 52-week low on Thursday . The company traded as low as $2.05 and last traded at $2.0750, with a volume of 100566130 shares trading hands. The stock had previously closed at $2.28.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $5.11.

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

Several large investors have recently bought and sold shares of the company. Lane Generational LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at about $6,309,000. IHT Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $7,441,000. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock valued at $3,496,000 after buying an additional 500,969 shares during the last quarter. IMC Chicago LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock worth $2,656,000 after buying an additional 385,412 shares during the period. Finally, Simplex Trading LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $3,970,000.

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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.