Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 8% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price were down 8% on Wednesday . The stock traded as low as $4.12 and last traded at $4.26. Approximately 113,449,038 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 178,650,094 shares. The stock had previously closed at $4.63.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company’s fifty day moving average is $12.28 and its two-hundred day moving average is $34.44.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $43,000. Nwam LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $56,000. Marex Group plc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $63,000. Finally, VestGen Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $81,000.

About Direxion Daily Semiconductors Bear 3x Shares

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.