Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Reaches New 12-Month Low at $26.80

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Rating) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.80 and last traded at $26.82, with a volume of 309675 shares traded. The stock had previously closed at $28.19.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company’s 50-day moving average price is $34.50 and its 200-day moving average price is $46.85.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 504.8% during the third quarter. Jane Street Group LLC now owns 1,633,039 shares of the company’s stock worth $115,505,000 after purchasing an additional 1,363,038 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter worth approximately $2,185,000. Trek Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth approximately $3,399,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth approximately $2,992,000. Finally, UBS Group AG increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 5.4% during the third quarter. UBS Group AG now owns 27,528 shares of the company’s stock worth $1,947,000 after buying an additional 1,410 shares during the period.

About Direxion Daily Semiconductors Bear 3x Shares

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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.