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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.40 and last traded at $44.23, with a volume of 43594821 shares. The stock had previously closed at $36.81.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 23.7 %

The stock’s fifty day moving average price is $23.60 and its 200 day moving average price is $22.02.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.1846 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth $397,000. HighTower Advisors LLC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 82.9% during the 3rd quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock valued at $1,157,000 after purchasing an additional 25,901 shares during the period. Virtu Financial LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 66.0% during the 3rd quarter. Virtu Financial LLC now owns 263,906 shares of the company’s stock valued at $5,344,000 after purchasing an additional 104,943 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 271.2% in the 4th quarter. Merit Financial Group LLC now owns 46,400 shares of the company’s stock worth $1,043,000 after purchasing an additional 33,900 shares during the period. Finally, PayPay Securities Corp bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $65,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

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.