Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.99, but opened at $3.08. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.0780, with a volume of 47,616,677 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The stock’s 50-day moving average price is $3.51 and its 200 day moving average price is $5.66.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Game Plan Financial Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $45,000. Eastern Bank bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at about $61,000. PFG Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth about $75,000. Modern Wealth Management LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $83,000. Finally, PayPay Securities Corp grew its position in Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after acquiring an additional 11,570 shares during the period.

About Direxion Daily Semiconductors Bear 3x Shares

(Get Free Report)

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.

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