Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 3.8%

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) were down 3.8% during mid-day trading on Friday . The stock traded as low as $18.15 and last traded at $19.14. Approximately 63,713,653 shares traded hands during trading, an increase of 185% from the average daily volume of 22,379,170 shares. The stock had previously closed at $19.89.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 3.8 %

The company has a fifty day moving average of $25.05 and a 200 day moving average of $37.18.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOXS. IMC Chicago LLC increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 4.1% in the first quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock valued at $418,000 after buying an additional 5,083 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 111.1% in the fourth quarter. PayPay Securities Corp now owns 18,687 shares of the company’s stock valued at $109,000 after buying an additional 9,833 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $127,000. Bellecapital International Ltd. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $72,000. Finally, Bank of Nova Scotia bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $81,000.

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.