Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 7% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price fell 7% during trading on Tuesday . The company traded as low as $1.91 and last traded at $1.9150. 96,817,201 shares were traded during trading, a decline of 74% from the average session volume of 371,174,344 shares. The stock had previously closed at $2.06.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $4.78.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lane Generational LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $6,309,000. IHT Wealth Management LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at $7,441,000. Simplex Trading LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth $3,970,000. SBI Securities Co. Ltd. lifted its position in shares of 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 worth $3,496,000 after purchasing an additional 500,969 shares during the period. Finally, IMC Chicago LLC boosted its stake in shares of 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 valued at $2,656,000 after purchasing an additional 385,412 shares in 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. 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.