Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Down 3.1% – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) were down 3.1% during trading on Wednesday . The stock traded as low as $27.97 and last traded at $28.07. Approximately 19,730,215 shares changed hands during trading, a decline of 56% from the average daily volume of 44,465,506 shares. The stock had previously closed at $28.96.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 0.4 %

The firm’s 50-day simple moving average is $22.42 and its two-hundred day simple moving average is $21.74.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.1846 per share. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $37,000. PayPay Securities Corp acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $65,000. Edgestream Partners L.P. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $397,000. Corient Private Wealth LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $573,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock worth $639,000 after purchasing an additional 6,095 shares during the period.

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.