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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.93, but opened at $9.30. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $9.03, with a volume of 69,019,516 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business’s 50 day simple moving average is $24.34 and its two-hundred day simple moving average is $43.43.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after acquiring an additional 2,292,689 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $6,178,000. Smithfield Trust Co purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $4,679,000. HRT Financial LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $3,942,000. Finally, Lane Generational LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $6,309,000.

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.