Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $54.85, but opened at $51.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $50.65, with a volume of 17,277,516 shares trading hands.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The business has a 50-day simple moving average of $54.97 and a two-hundred day simple moving average of $240.48.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Several institutional investors have recently modified their holdings of SOXS. Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $6,178,000. Axxcess Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $151,000. VestGen Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $81,000. Toronto Dominion Bank lifted its holdings 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 valued at $36,000 after acquiring an additional 95,743 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $2,212,000.
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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