Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 6.5% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price fell 6.5% during mid-day trading on Thursday . The company traded as low as $38.21 and last traded at $38.29. 24,894,338 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 30,624,914 shares. The stock had previously closed at $40.97.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock’s 50-day moving average price is $46.97 and its 200-day moving average price is $193.15.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently bought and sold shares of the company. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $4,679,000. PayPay Securities Corp raised its position in Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the fourth quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock worth $171,000 after acquiring an additional 34,320 shares during the last quarter. Capstone Capital Management Ltd acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $252,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $6,178,000. Finally, Clear Creek Financial Management LLC lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 113.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 64,000 shares of the company’s stock valued at $200,000 after purchasing an additional 34,000 shares in 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.