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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.98, but opened at $4.16. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.2930, with a volume of 56,149,936 shares.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The firm has a fifty day moving average of $4.21 and a 200-day moving average of $7.02.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SOXS. Ballew Advisors Inc lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 2.3% in the 3rd quarter. Ballew Advisors Inc now owns 123,016 shares of the company’s stock worth $636,000 after buying an additional 2,766 shares in the last quarter. PayPay Securities Corp boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after purchasing an additional 7,098 shares during the last quarter. Eastern Bank acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at approximately $61,000. Game Plan Financial Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $45,000. Finally, Vontobel Holding Ltd. raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after purchasing an additional 11,400 shares in the last quarter.

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.