Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Set to Reverse Split on Thursday, March 5th

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares are set to reverse split before the market opens on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

SOXS stock opened at $1.79 on Friday. The stock’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $3.86. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $1.57 and a 12-month high of $53.43.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ballew Advisors Inc boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 2.3% in the 3rd quarter. Ballew Advisors Inc now owns 123,016 shares of the company’s stock valued at $636,000 after buying an additional 2,766 shares during the period. PayPay Securities Corp lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock worth $105,000 after acquiring an additional 7,098 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $45,000. Vontobel Holding Ltd. grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the third quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after purchasing an additional 11,400 shares during the last quarter. Finally, IFP Advisors Inc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $43,000.

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.