Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sets New 1-Year Low – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $8.14 and last traded at $8.35, with a volume of 351418465 shares. The stock had previously closed at $8.95.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 6.7%

The company has a 50 day moving average price of $28.13 and a 200 day moving average price of $45.92.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently modified their holdings of the stock. Toronto Dominion Bank raised its position in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares in the last quarter. IFP Advisors Inc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $43,000. Game Plan Financial Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $45,000. Nwam LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $56,000. Finally, Marex Group plc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $63,000.

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. 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.