Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – Here’s Why

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Tuesday . The stock had previously closed at $5.69, but opened at $5.25. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.23, with a volume of 128,286,494 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50 day simple moving average of $14.87 and a two-hundred day simple moving average of $36.59.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after buying an additional 272,129 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after buying an additional 100,350 shares in the last quarter. Lighthouse Investment Partners LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after buying an additional 30,000 shares in the last quarter. Group One Trading LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the 2nd quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after buying an additional 137,001 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $109,000.

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.