Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 6.6% – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares traded down 6.6% during trading on Monday . The company traded as low as $3.95 and last traded at $3.96. Approximately 498,091,404 shares were traded during mid-day trading, an increase of 134% from the average session volume of 212,980,188 shares. The stock had previously closed at $4.24.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a fifty day moving average of $8.09 and a two-hundred day moving average of $30.27.

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Direxion Daily Semiconductors Bear 3x Shares shares are going to reverse split on Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 14th.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently modified their holdings of SOXS. JPMorgan Chase & Co. boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after buying an additional 272,129 shares during the period. Qube Research & Technologies Ltd lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after acquiring an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after acquiring an additional 30,000 shares during the last quarter. Group One Trading LLC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after acquiring an additional 137,001 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth approximately $109,000.

About Direxion Daily Semiconductors Bear 3x Shares

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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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