Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 5.8% – Here’s What Happened

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price were down 5.8% during mid-day trading on Friday . The stock traded as low as $24.70 and last traded at $25.26. Approximately 8,992,933 shares traded hands during trading, a decline of 81% from the average daily volume of 46,854,352 shares. The stock had previously closed at $26.81.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 8.7 %

The firm’s 50-day moving average price is $21.01 and its two-hundred day moving average price is $21.79.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $37,000. PayPay Securities Corp purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $65,000. Edgestream Partners L.P. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $397,000. Corient Private Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $573,000. Finally, Vontobel Holding Ltd. grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the fourth quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock worth $639,000 after acquiring an additional 6,095 shares during the period.

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.