Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 8.4% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price fell 8.4% during mid-day trading on Wednesday . The stock traded as low as $36.30 and last traded at $36.52. 20,933,420 shares were traded during trading, a decline of 45% from the average session volume of 37,922,297 shares. The stock had previously closed at $39.86.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company’s 50 day moving average is $38.26 and its two-hundred day moving average is $61.56.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds have recently modified their holdings of the company. Toronto Dominion Bank grew 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 worth $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $43,000. Game Plan Financial Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $45,000. Nwam LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $56,000. Finally, Marex Group plc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $63,000.

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.