Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shares were down 4.3% during mid-day trading on Tuesday . The company traded as low as $33.67 and last traded at $33.81. 41,278,311 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 33,944,480 shares. The stock had previously closed at $35.33.
Direxion Daily Semiconductors Bear 3X ETF Stock Down 5.2%
The firm’s 50 day moving average price is $47.78 and its two-hundred day moving average price is $129.65.
Institutional Trading of Direxion Daily Semiconductors Bear 3X ETF
Several institutional investors and hedge funds have recently bought and sold shares of SOXS. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the fourth quarter valued at about $43,000. OceanIQ Capital LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $44,000. NewEdge Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth $45,000. PCG Wealth Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at $55,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at $78,000.
About Direxion Daily Semiconductors Bear 3X ETF
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.
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