Direxion Daily Semiconductors Bear 3x Shares (SOXS) Trading Down 10%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price were down 10% during trading on Thursday . The stock traded as low as $11.67 and last traded at $11.83. Approximately 4,619,556 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 2,867,904 shares. The stock had previously closed at $13.15.

Large investors have recently modified their holdings of the stock. HRT Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $149,000. XR Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $157,000. Verity Asset Management Inc. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $159,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $419,000. Finally, ING Groep NV raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 42.4% during the second quarter. ING Groep NV now owns 47,000 shares of the company’s stock valued at $538,000 after acquiring an additional 14,000 shares during the last quarter.

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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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