Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sets New 1-Year Low – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) reached a new 52-week low during trading on Wednesday . The company traded as low as $27.80 and last traded at $27.80, with a volume of 11272534 shares changing hands. The stock had previously closed at $33.43.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company’s 50-day moving average price is $37.81 and its 200-day moving average price is $58.68.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $6,178,000. Axxcess Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $151,000. VestGen Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $81,000. Toronto Dominion Bank lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $2,212,000.

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.