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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.27, but opened at $3.53. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.4250, with a volume of 107,515,353 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 7.9%

The company’s 50 day moving average price is $4.99 and its two-hundred day moving average price is $8.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SOXS. XTX Topco Ltd bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the first quarter worth about $1,145,000. Jump Financial LLC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 7.3% in the first quarter. Jump Financial LLC now owns 192,109 shares of the company’s stock worth $5,569,000 after purchasing an additional 13,009 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 277.8% in the first quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares during the last quarter. Howard Financial Services LTD. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $245,000. Finally, Ballew Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $896,000.

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.