Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 7.2% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) dropped 7.2% during mid-day trading on Wednesday . The stock traded as low as $3.97 and last traded at $4.0370. Approximately 85,636,696 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 138,371,219 shares. The stock had previously closed at $4.35.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 2.0%

The business has a 50-day moving average price of $4.45 and a 200-day moving average price of $7.49.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter worth about $1,145,000. Jump Financial LLC boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 7.3% in the 1st quarter. Jump Financial LLC now owns 192,109 shares of the company’s stock worth $5,569,000 after purchasing an additional 13,009 shares in the last quarter. BNP Paribas Financial Markets grew its position in Direxion Daily Semiconductors Bear 3x Shares by 277.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares during the last quarter. Howard Financial Services LTD. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $245,000. Finally, Ballew Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at approximately $896,000.

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.