Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $40.66, but opened at $38.01. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $36.92, with a volume of 19,424,532 shares.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The stock has a 50-day simple moving average of $38.40 and a 200-day simple moving average of $64.71.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Several institutional investors have recently added to or reduced their stakes in SOXS. Capital Advisors Inc. OK bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth about $1,551,000. IMC Chicago LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the third quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock worth $2,656,000 after purchasing an additional 385,412 shares during the last quarter. Group One Trading LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 64.4% during the third quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after purchasing an additional 119,167 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $7,441,000. Finally, Lane Generational LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth about $6,309,000.
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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