Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Stock Price Down 3.8% – Here’s What Happened
by Renee Jackson · The Cerbat GemDirexion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s share price was down 3.8% on Wednesday. The company traded as low as $43.87 and last traded at $45.34. Approximately 16,128,400 shares traded hands during trading, a decline of 58% from the average session volume of 38,538,906 shares. The stock had previously closed at $47.13.
Direxion Daily Semiconductors Bear 3X ETF Price Performance
The firm has a fifty day moving average of $41.86 and a 200-day moving average of $75.86.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at $117,000. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $45,000. Allworth Financial LP bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $130,000. Corient Private Wealth LP acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $78,000. Finally, PCG Wealth Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $55,000.
About Direxion Daily Semiconductors Bear 3X ETF
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.