Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Hits New 1-Year Low – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $5.83 and last traded at $6.53, with a volume of 530585262 shares. The stock had previously closed at $6.29.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 3.8%

The company has a fifty day simple moving average of $21.71 and a 200 day simple moving average of $41.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SOXS. Toronto Dominion Bank lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $43,000. Nwam LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $56,000. Marex Group plc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $63,000. Finally, PFG Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $75,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

(Get Free Report)

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.

Further Reading

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