Direxion Daily Semiconductors Bear 3x Shares Stock to Reverse Split on Monday, April 15th (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares are going to reverse split on the morning of Monday, April 15th. The 1-10 reverse split was announced on Monday, April 15th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 15th.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.7 %

NYSEARCA SOXS opened at $3.39 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $2.76 and a one year high of $23.22. The company has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $7.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AI Squared Management Ltd bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $1,206,000. Squarepoint Ops LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at about $2,964,000. Two Sigma Securities LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 505.9% during the 2nd quarter. Two Sigma Securities LLC now owns 159,646 shares of the company’s stock valued at $1,576,000 after buying an additional 133,297 shares during the period. Royal Bank of Canada acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at about $1,273,000. Finally, Jump Financial LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 362.1% during the 4th quarter. Jump Financial LLC now owns 139,725 shares of the company’s stock worth $813,000 after buying an additional 109,488 shares in the last quarter.

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.