Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Up 25.9% – Should You Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price rose 25.9% during trading on Thursday . The stock traded as high as $25.84 and last traded at $26.06. Approximately 64,336,945 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 49,323,418 shares. The stock had previously closed at $20.70.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 6.2 %

The business’s fifty day simple moving average is $25.14 and its two-hundred day simple moving average is $22.51.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid 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

Several institutional investors and hedge funds have recently made changes to their positions in SOXS. Optiver Holding B.V. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $37,000. PayPay Securities Corp acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $65,000. Vontobel Holding Ltd. increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after acquiring an additional 6,095 shares during the period. Corient Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $573,000. Finally, HighTower Advisors LLC boosted its stake in 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 worth $1,157,000 after purchasing an additional 25,901 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.