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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $3.21, but opened at $3.00. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.0840, with a volume of 39,697,196 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50 day moving average price of $3.57 and a 200 day moving average price of $5.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $45,000. Eastern Bank bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $61,000. PFG Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $75,000. Modern Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $83,000. Finally, PayPay Securities Corp raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after acquiring an additional 11,570 shares during the period.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

(Get Free Report)

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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