Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 8.2% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded down 8.2% on Wednesday . The stock traded as low as $43.20 and last traded at $43.17. 50,410,783 shares traded hands during trading, an increase of 10% from the average session volume of 45,948,912 shares. The stock had previously closed at $47.02.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 52.5 %

The company has a fifty day simple moving average of $25.01 and a 200-day simple moving average of $22.49.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1846 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SOXS. Virtu Financial LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 208.7% during the fourth quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock valued at $18,308,000 after buying an additional 550,886 shares during the last quarter. GTS Securities LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 269.2% in the 4th quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock valued at $7,620,000 after acquiring an additional 247,267 shares during the last quarter. Smithfield Trust Co purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $6,636,000. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 899.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 154,251 shares of the company’s stock valued at $3,466,000 after purchasing an additional 138,817 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 82.9% during the third quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock valued at $1,157,000 after purchasing an additional 25,901 shares in the last quarter.

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.