Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Reaches New 52-Week Low – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) reached a new 52-week low on Thursday . The company traded as low as $5.83 and last traded at $6.53, with a volume of 530585262 shares trading hands. The stock had previously closed at $6.29.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The stock has a 50 day moving average price of $20.43 and a two-hundred day moving average price of $40.97.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SOXS. Toronto Dominion Bank lifted its stake in shares of 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 period. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $43,000. Nwam LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $56,000. Marex Group plc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $63,000. Finally, PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $75,000.

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.