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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.95, but opened at $10.64. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $10.34, with a volume of 129,617,654 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 14.0%

The stock’s fifty day moving average is $24.95 and its 200-day moving average is $43.84.

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

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares in the last quarter. IFP Advisors Inc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $43,000. Tidal Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $109,000. PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $75,000. Finally, Modern Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $83,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

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.