Direxion Daily Semiconductors Bear 3x Shares Stock Scheduled to Reverse Split on Thursday, March 5th (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock is set to reverse split on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 4.6%

Direxion Daily Semiconductors Bear 3x Shares stock opened at $1.66 on Wednesday. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $1.62 and a one year high of $53.43. The business’s fifty day moving average is $2.30 and its 200 day moving average is $3.95.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at approximately $3,970,000. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 356.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 175,330 shares of the company’s stock valued at $1,383,000 after buying an additional 136,921 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after buying an additional 272,129 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth $564,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after buying an additional 100,350 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. 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.