Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $3.30, but opened at $3.99. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.88, with a volume of 353,446,468 shares.
Direxion Daily Semiconductors Bear 3x Shares Trading Up 19.1%
The stock has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $32.62.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares during the period. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $43,000. Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $56,000. Marex Group plc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $63,000. Finally, VestGen Advisors LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $81,000.
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.
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