Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Down 4.9% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price were down 4.9% during trading on Thursday . The company traded as low as $44.71 and last traded at $45.74. Approximately 11,034,437 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 31,827,434 shares. The stock had previously closed at $48.09.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.4%

The company has a 50 day moving average price of $45.39 and a two-hundred day moving average price of $168.47.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after buying an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock valued at $796,000 after acquiring an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after acquiring an additional 30,000 shares during the period. Group One Trading LLC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after acquiring an additional 137,001 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $109,000.

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.