Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $2.37 and last traded at $2.3850, with a volume of 232105235 shares. The stock had previously closed at $2.57.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 9.9%
The company has a 50-day moving average price of $3.35 and a two-hundred day moving average price of $5.29.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Several large investors have recently added to or reduced their stakes in SOXS. Eastern Bank bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $61,000. Capital Advisors Inc. OK bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at about $1,551,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 452.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,873 shares of the company’s stock worth $1,012,000 after purchasing an additional 111,300 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $114,000. Finally, Howard Financial Services LTD. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $245,000.
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. 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.
Recommended Stories
- Five stocks we like better than Direxion Daily Semiconductors Bear 3x Shares
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Do not delete, read immediately
- This stock gets a 94 out of 100
- First Time Since 2007: All Warnings Active
- How the Rich Retire
Receive News & Ratings for Direxion Daily Semiconductors Bear 3x Shares 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 Shares and related companies with MarketBeat.com's FREE daily email newsletter.
