Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Reaches New 12-Month Low – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price hit a new 52-week low on Friday . The company traded as low as $4.70 and last traded at $4.76, with a volume of 232613168 shares trading hands. The stock had previously closed at $4.97.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $35.98.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently made changes to their positions in SOXS. JPMorgan Chase & Co. grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after purchasing an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after purchasing an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after purchasing an additional 30,000 shares during the last quarter. Group One Trading LLC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after purchasing an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $109,000.

About Direxion Daily Semiconductors Bear 3x Shares

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.