Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sets New 12-Month High – Still a Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.40 and last traded at $44.23, with a volume of 43594821 shares traded. The stock had previously closed at $36.81.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s 50 day moving average is $23.60 and its two-hundred day moving average is $22.02.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The business 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 was Tuesday, March 25th.

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

Several large investors have recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $37,000. PayPay Securities Corp purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $65,000. Edgestream Partners L.P. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth $397,000. Corient Private Wealth LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $573,000. Finally, Vontobel Holding Ltd. raised its position 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 valued at $639,000 after buying an additional 6,095 shares in 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.