Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) were down 4.3% on Tuesday . The stock traded as low as $33.67 and last traded at $33.81. Approximately 41,278,311 shares were traded during trading, an increase of 22% from the average session volume of 33,944,480 shares. The stock had previously closed at $35.33.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The business’s 50 day moving average price is $47.78 and its 200 day moving average price is $129.65.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Hedge funds have recently modified their holdings of the company. IFP Advisors Inc purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter valued at about $43,000. OceanIQ Capital LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $44,000. NewEdge Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $45,000. PCG Wealth Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $55,000. Finally, Corient Private Wealth LP purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at approximately $78,000.
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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