Direxion Daily Semiconductors Bear 3x Shares Stock to Reverse Split on Thursday, March 5th (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares are scheduled to reverse split on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 2.8%

Shares of SOXS stock opened at $1.76 on Tuesday. The stock has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $4.20. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $1.62 and a 52-week high of $53.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOXS. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $3,942,000. Lane Generational LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $6,309,000. IHT Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at $7,441,000. Finally, UBS Group AG lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

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.