Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Up 25.9% – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price shot up 25.9% during mid-day trading on Thursday . The stock traded as high as $25.84 and last traded at $26.06. 64,336,945 shares changed hands during trading, an increase of 30% from the average session volume of 49,323,418 shares. The stock had previously closed at $20.70.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 6.2 %

The firm’s 50-day moving average is $25.14 and its 200 day moving average is $22.51.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 82.9% during the 3rd quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock worth $1,157,000 after purchasing an additional 25,901 shares during the last quarter. Virtu Financial LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 66.0% during the third quarter. Virtu Financial LLC now owns 263,906 shares of the company’s stock worth $5,344,000 after acquiring an additional 104,943 shares during the last quarter. Merit Financial Group LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 271.2% during the fourth quarter. Merit Financial Group LLC now owns 46,400 shares of the company’s stock worth $1,043,000 after acquiring an additional 33,900 shares during the last quarter. PayPay Securities Corp purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $65,000. Finally, Vontobel Holding Ltd. raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after acquiring an additional 6,095 shares during the last quarter.

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.