Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Reaches New 1-Year Low – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.12 and last traded at $3.1750, with a volume of 125282863 shares trading hands. The stock had previously closed at $3.22.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.0%

The business’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $6.75.

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

Several institutional investors have recently modified their holdings of the business. Game Plan Financial Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $45,000. Eastern Bank purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at $61,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $75,000. Modern Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $83,000. Finally, PayPay Securities Corp boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after buying an additional 11,570 shares during the last quarter.

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.