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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.00 and last traded at $1.9550, with a volume of 129131262 shares changing hands. The stock had previously closed at $2.17.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day moving average of $3.15 and a two-hundred day moving average of $4.93.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lane Generational LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $6,309,000. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $7,441,000. Simplex Trading LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $3,970,000. SBI Securities Co. Ltd. increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock worth $3,496,000 after buying an additional 500,969 shares in the last quarter. Finally, IMC Chicago LLC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock valued at $2,656,000 after acquiring an additional 385,412 shares during the period.

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.