Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Hits New 52-Week Low – What’s Next?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) reached a new 52-week low during trading on Friday . The stock traded as low as $7.84 and last traded at $7.89, with a volume of 42502084 shares traded. The stock had previously closed at $8.29.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 7.7%

The company’s 50 day simple moving average is $24.34 and its 200 day simple moving average is $43.43.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 64.4% in the 3rd quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after acquiring an additional 119,167 shares during the period. IMC Chicago LLC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 300.5% in the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock valued at $2,656,000 after purchasing an additional 385,412 shares during the last quarter. Ballew Advisors Inc boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 46.3% in the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after purchasing an additional 56,928 shares during the last quarter. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $536,000. Finally, PayPay Securities Corp boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 169.2% in the 4th quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after purchasing an additional 34,320 shares during 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. 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.