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 the morning of 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 Stock Down 2.9%

SOXS opened at $1.70 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $1.62 and a fifty-two week high of $53.43. The business has a 50-day moving average of $2.36 and a 200-day moving average of $4.08.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $43,000. Game Plan Financial Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at about $45,000. Nwam LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $56,000. Finally, Marex Group plc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $63,000.

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.