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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $73.15, but opened at $60.23. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $56.36, with a volume of 19,700,046 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50-day simple moving average of $50.77 and a 200-day simple moving average of $220.40.

Institutional Investors 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 boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during 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 in 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 about $43,000. Nwam LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $56,000. Marex Group plc purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $63,000. Finally, VestGen Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $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.