Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1.76, but opened at $1.8350. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $1.8350, with a volume of 68,764,543 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The stock’s 50-day simple moving average is $2.85 and its two-hundred day simple moving average is $4.70.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Several institutional investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $45,000. Eastern Bank bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $61,000. PFG Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $75,000. Modern Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $83,000. Finally, J. Safra Sarasin Holding AG bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $94,000.
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.
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