Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 3.2% – Time to Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares dropped 3.2% on Friday . The company traded as low as $3.52 and last traded at $3.5140. Approximately 52,828,269 shares traded hands during trading, a decline of 64% from the average daily volume of 146,089,000 shares. The stock had previously closed at $3.63.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a fifty day moving average price of $4.17 and a 200-day moving average price of $7.00.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of large investors have recently bought and sold shares of SOXS. Eastern Bank acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $61,000. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $45,000. PayPay Securities Corp increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after acquiring an additional 11,570 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $109,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $114,000.

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.