Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $42.56 and traded as low as $41.90. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $42.50, with a volume of 72,152,989 shares changing hands.
Direxion Daily Semiconductors Bear 3X ETF Price Performance
The firm has a fifty day moving average of $42.36 and a 200 day moving average of $161.66.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Large investors have recently added to or reduced their stakes in the stock. OceanIQ Capital LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth $44,000. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $45,000. PCG Wealth Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth approximately $55,000. Corient Private Wealth LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth $78,000. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at $117,000.
About Direxion Daily Semiconductors Bear 3X ETF
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.
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