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 before the market opened on Tuesday . The stock had previously closed at $38.36, but opened at $42.89. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $43.73, with a volume of 25,748,300 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 6.5%

The stock has a fifty day moving average of $45.12 and a 200-day moving average of $181.23.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares during the period. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $43,000. Nwam LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $56,000. Marex Group plc purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $63,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $81,000.

About Direxion Daily Semiconductors Bear 3x Shares

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.