Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 13.1% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares dropped 13.1% during trading on Tuesday . The stock traded as low as $45.85 and last traded at $46.94. 19,638,068 shares traded hands during trading, a decline of 25% from the average session volume of 26,108,691 shares. The stock had previously closed at $53.99.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $236.39.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently added to or reduced their stakes in SOXS. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $4,679,000. PayPay Securities Corp raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the fourth quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock worth $171,000 after buying an additional 34,320 shares during the last quarter. Capstone Capital Management Ltd bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $252,000. Ballew Advisors Inc lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 46.3% in the fourth quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after buying an additional 56,928 shares during the period. Finally, Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $6,178,000.

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.