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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up prior to trading on Monday . The stock had previously closed at $4.08, but opened at $4.44. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.62, with a volume of 162,243,937 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business’s 50-day moving average price is $5.92 and its 200 day moving average price is $26.01.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank increased its position in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $43,000. Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $109,000. Headlands Technologies LLC increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% during the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after acquiring an additional 17,744 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $56,000.

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.