Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Reaches New 52-Week Low – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.12 and last traded at $3.1750, with a volume of 125282863 shares traded. The stock had previously closed at $3.22.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 2.0%

The company has a fifty day moving average price of $4.05 and a 200 day moving average price of $6.75.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in Direxion Daily Semiconductors Bear 3x Shares by 277.8% in the first quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after acquiring an additional 1,250,000 shares in the last quarter. Lane Generational LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $6,309,000. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $7,441,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 285.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock valued at $3,496,000 after purchasing an additional 500,969 shares during the last quarter. Finally, IMC Chicago LLC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock valued at $2,656,000 after buying an additional 385,412 shares in the last quarter.

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.