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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $48.74, but opened at $45.87. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $45.00, with a volume of 9,804,359 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50 day moving average price of $38.20 and a 200 day moving average price of $61.38.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently bought and sold shares of SOXS. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,292,689 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $6,178,000. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $4,679,000. HRT Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $3,942,000. Finally, Lane Generational LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $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.