Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 5.1%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Rating)’s share price dropped 5.1% on Wednesday . The company traded as low as $51.50 and last traded at $51.63. Approximately 116,198 shares changed hands during trading, a decline of 99% from the average daily volume of 10,487,837 shares. The stock had previously closed at $54.39.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 8.6 %

The stock’s fifty day moving average price is $44.55 and its 200 day moving average price is $44.73.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 375.8% in the 4th quarter. Virtu Financial LLC now owns 781,967 shares of the company’s stock worth $2,674,000 after acquiring an additional 617,607 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 195.8% during the fourth quarter. Qube Research & Technologies Ltd now owns 126,526 shares of the company’s stock valued at $433,000 after buying an additional 83,755 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter valued at approximately $2,185,000. Trek Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at approximately $3,399,000. Finally, WMS Partners LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $137,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

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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.

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