Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 5.6%

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) dropped 5.6% on Friday . The company traded as low as $34.50 and last traded at $35.50. Approximately 8,860,747 shares traded hands during trading, a decline of 42% from the average daily volume of 15,340,589 shares. The stock had previously closed at $37.60.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 6.6 %

The stock’s fifty day simple moving average is $35.32 and its 200 day simple moving average is $60.62.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors have recently made changes to their positions in SOXS. Simplex Trading LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 672.6% during the 1st quarter. Simplex Trading LLC now owns 309,915 shares of the company’s stock worth $994,000 after purchasing an additional 269,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter valued at $789,000. AI Squared Management Ltd purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $1,206,000. Howard Financial Services LTD. lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 566.7% during the 1st quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock worth $642,000 after acquiring an additional 170,000 shares during the period. Finally, Jump Financial LLC grew its stake in 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 valued at $813,000 after purchasing an additional 109,488 shares during 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.