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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Wednesday . The stock had previously closed at $24.87, but opened at $24.18. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $24.94, with a volume of 11,555,497 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.6 %

The business has a fifty day moving average of $20.37 and a 200 day moving average of $21.58.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. GTS Securities LLC raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 269.2% in the 4th quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock worth $7,620,000 after purchasing an additional 247,267 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $674,000. Optiver Holding B.V. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 899.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 154,251 shares of the company’s stock valued at $3,466,000 after buying an additional 138,817 shares during the period. Finally, Virtu Financial LLC lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 208.7% in the 4th quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock valued at $18,308,000 after acquiring an additional 550,886 shares in the last quarter.

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.