Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up to $41.27

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up before the market opened on Friday . The stock had previously closed at $41.27, but opened at $42.37. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $42.12, with a volume of 4,392,252 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $66.25.

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

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at about $789,000. AI Squared Management Ltd acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $1,206,000. Howard Financial Services LTD. lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 566.7% during the 1st quarter. Howard Financial Services LTD. now owns 200,000 shares of the company’s stock valued at $642,000 after buying an additional 170,000 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at about $2,964,000. Finally, Jump Financial LLC lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 362.1% during the 4th quarter. Jump Financial LLC now owns 139,725 shares of the company’s stock valued at $813,000 after buying an additional 109,488 shares during the last quarter.

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.