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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $3.83, but opened at $4.17. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.7750, with a volume of 180,141,476 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.2%

The business has a fifty day moving average price of $4.62 and a 200-day moving average price of $7.95.

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

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in Direxion Daily Semiconductors Bear 3x Shares by 277.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares during the period. Lane Generational LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $6,309,000. IHT Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $7,441,000. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the third quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock worth $3,496,000 after buying an additional 500,969 shares during the last quarter. Finally, IMC Chicago LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the third quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock valued at $2,656,000 after buying an additional 385,412 shares during the period.

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.