Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 6.2% – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) traded up 6.2% on Tuesday . The company traded as high as $30.63 and last traded at $30.80. 9,943,078 shares were traded during mid-day trading, a decline of 78% from the average session volume of 44,327,091 shares. The stock had previously closed at $28.99.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 0.3 %

The company has a fifty day moving average of $22.20 and a 200-day moving average of $21.70.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

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

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 208.7% during the fourth quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock worth $18,308,000 after purchasing an additional 550,886 shares during the period. GTS Securities LLC lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 269.2% during the 4th quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock worth $7,620,000 after acquiring an additional 247,267 shares during the last quarter. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $6,636,000. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 899.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 154,251 shares of the company’s stock valued at $3,466,000 after acquiring an additional 138,817 shares during the period. Finally, IHT Wealth Management LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 696.1% in the third quarter. IHT Wealth Management LLC now owns 93,300 shares of the company’s stock valued at $1,965,000 after purchasing an additional 81,580 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.