Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 5.8% – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded down 5.8% during mid-day trading on Friday . The company traded as low as $24.70 and last traded at $25.26. 8,992,933 shares were traded during trading, a decline of 81% from the average session volume of 46,854,352 shares. The stock had previously closed at $26.81.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock’s fifty day moving average is $21.09 and its 200-day moving average is $21.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $37,000. PayPay Securities Corp acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $65,000. Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the fourth 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 last quarter. Edgestream Partners L.P. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $397,000. Finally, Corient Private Wealth LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $573,000.

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.