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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up prior to trading 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 Performance

The business has a fifty day moving average of $45.80 and a 200-day moving average of $185.54.

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

Hedge funds have recently bought and sold shares of the company. Smithfield Trust Co purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $4,679,000. Capstone Capital Management Ltd bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $252,000. Virtu Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $6,178,000. UBS Group AG raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after buying an additional 787,062 shares in the last quarter. Finally, IMC Chicago LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 33.1% in the fourth quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock worth $2,140,000 after buying an additional 169,995 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. 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.