Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) shares fell 8.9% during trading on Friday. The company traded as low as $28.82 and last traded at $28.92. 35,929,078 shares changed hands during trading, an increase of 1% from the average session volume of 35,735,863 shares. The stock had previously closed at $31.76.
Direxion Daily Semiconductors Bear 3X ETF Stock Performance
The business has a 50-day moving average of $45.38 and a 200 day moving average of $108.75.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SOXS. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter worth about $6,178,000. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $3,126,000. GTS Securities LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth approximately $1,109,000. Allworth Financial LP acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth approximately $130,000. Finally, Tidal Investments LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $117,000.
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.
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