Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $46.74, but opened at $44.69. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $44.62, with a volume of 22,618,288 shares changing hands.
Direxion Daily Semiconductors Bear 3X ETF Trading Down 6.7%
The company has a fifty day simple moving average of $47.56 and a 200 day simple moving average of $144.80.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SOXS. Smithfield Trust Co bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the 4th quarter valued at $4,679,000. Capstone Capital Management Ltd acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the fourth quarter valued at $252,000. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter valued at $6,178,000. UBS Group AG grew its holdings in Direxion Daily Semiconductors Bear 3X ETF by 217.8% during the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after acquiring an additional 787,062 shares during the period. Finally, PCG Wealth Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $55,000.
Direxion Daily Semiconductors Bear 3X ETF 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.
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