Shares of Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) traded down 18.9% during trading on Friday. The stock traded as low as $64.15 and last traded at $65.87. 33,890,068 shares traded hands during trading, a decline of 18% from the average session volume of 41,247,578 shares. The stock had previously closed at $81.22.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The business’s 50 day moving average is $43.62 and its two-hundred day moving average is $152.04.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SOXS. OceanIQ Capital LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at about $44,000. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $45,000. PCG Wealth Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $55,000. Corient Private Wealth LP bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $78,000. Finally, Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter worth about $117,000.
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.
Further Reading
- Five stocks we like better than Direxion Daily Semiconductors Bear 3X ETF
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
- Block by Block: Cash App Builds a Stronger Foundation
- Arista Networks Cashes In on the AI Infrastructure Buildout
- Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion
Receive News & Ratings for Direxion Daily Semiconductors Bear 3X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Semiconductors Bear 3X ETF and related companies with MarketBeat.com's FREE daily email newsletter.
