Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 5.6%

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) dropped 5.6% during trading on Friday . The stock traded as low as $34.50 and last traded at $35.50. Approximately 8,860,747 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 15,340,589 shares. The stock had previously closed at $37.60.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The firm’s 50-day moving average price is $35.32 and its 200 day moving average price is $60.62.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds have recently bought and sold shares of the company. IMC Chicago LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 4.1% during the first quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock worth $418,000 after acquiring an additional 5,083 shares during the last quarter. Gateway Advisory LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 16.7% during the third quarter. Gateway Advisory LLC now owns 42,000 shares of the company’s stock worth $470,000 after acquiring an additional 6,000 shares during the last quarter. PayPay Securities Corp boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 111.1% during the fourth quarter. PayPay Securities Corp now owns 18,687 shares of the company’s stock worth $109,000 after acquiring an additional 9,833 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth approximately $127,000. Finally, Bellecapital International Ltd. acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $72,000.

About Direxion Daily Semiconductors Bear 3x Shares

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.