Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Monday . The stock had previously closed at $3.29, but opened at $3.18. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.2550, with a volume of 133,752,913 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 0.2%

The stock’s 50-day moving average price is $3.72 and its 200-day moving average price is $6.21.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eastern Bank purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $61,000. Game Plan Financial Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $45,000. PayPay Securities Corp increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares during the last quarter. Tidal Investments LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $109,000. Finally, Vontobel Holding Ltd. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $114,000.

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.