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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up before the market opened on Monday . The stock had previously closed at $47.03, but opened at $49.14. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $52.74, with a volume of 16,807,732 shares.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 11.1%

The business has a 50-day moving average of $45.05 and a 200-day moving average of $176.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after acquiring an additional 272,129 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after purchasing an additional 100,350 shares during the period. Lighthouse Investment Partners LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock valued at $473,000 after purchasing an additional 30,000 shares during the last quarter. Group One Trading LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the 2nd quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after purchasing an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $109,000.

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.