Direxion Daily Semiconductor Bear 3X Shs (SOXS) Stock Price Up -2.6% After Dividend Announcement

Direxion Daily Semiconductor Bear 3X Shs (NYSEARCA:SOXS) rose 2.6% on Tuesday after the company announced a dividend. The company traded as high as $11.24 and last traded at $10.54. Approximately 1,311,010 shares were traded during trading, a decline of 9% from the average daily volume of 1,433,243 shares. The stock had previously closed at $10.82.

The newly announced dividend which will be paid on Tuesday, March 27th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.0128 per share. The ex-dividend date is Tuesday, March 20th.

An institutional investor recently raised its position in Direxion Daily Semiconductor Bear 3X Shs stock. ING Groep NV raised its stake in Direxion Daily Semiconductor Bear 3X Shs (NYSEARCA:SOXS) by 52.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. ING Groep NV owned about 0.53% of Direxion Daily Semiconductor Bear 3X Shs worth $314,000 at the end of the most recent quarter.

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Direxion Daily Semiconductor Bear 3X Shs 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.

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