Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Set to Reverse Split on Wednesday, July 15th

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares are scheduled to reverse split on the morning of Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 14th.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

NYSEARCA SOXS opened at $4.24 on Monday. Direxion Daily Semiconductors Bear 3x Shares has a twelve month low of $3.29 and a twelve month high of $169.80. The stock has a 50-day moving average of $8.73 and a 200 day moving average of $31.03.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $6,178,000. Axxcess Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $151,000. VestGen Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $81,000. Toronto Dominion Bank lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after purchasing an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $2,212,000.

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.