Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 6.6%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price were down 6.6% on Wednesday . The company traded as low as $24.70 and last traded at $24.77, approximately 4,509,166 shares were traded during mid-day trading. An increase of 190% from the average daily volume of 1,557,389 shares. The stock had previously closed at $26.53.

The company’s fifty day simple moving average is $27.42 and its 200-day simple moving average is $32.62.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOXS. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $2,646,000. Capital Investment Advisory Services LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at about $38,000. XR Securities LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $506,000. Jane Street Group LLC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 121.0% in the second quarter. Jane Street Group LLC now owns 14,265 shares of the company’s stock valued at $735,000 after purchasing an additional 82,065 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $159,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile (NYSEARCA:SOXS)

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.

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