Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Hits New 12-Month Low – Here’s Why

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) reached a new 52-week low on Tuesday . The stock traded as low as $9.75 and last traded at $10.03, with a volume of 140468655 shares trading hands. The stock had previously closed at $10.81.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 1.1%

The business’s 50-day moving average price is $18.28 and its 200-day moving average price is $21.01.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $37,000. PayPay Securities Corp purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $65,000. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter worth $130,000. Corient Private Wealth LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $573,000. Finally, Vontobel Holding Ltd. lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after buying an additional 6,095 shares in the last quarter.

About Direxion Daily Semiconductors Bear 3x Shares

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.