Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $33.66, but opened at $35.45. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $34.91, with a volume of 30,277,163 shares changing hands.
Direxion Daily Semiconductors Bear 3X ETF Price Performance
The company has a 50-day moving average price of $47.33 and a 200 day moving average price of $124.58.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SOXS. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the fourth quarter valued at about $6,178,000. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $3,126,000. GTS Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $1,109,000. Axxcess Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3X ETF during the 4th quarter worth approximately $151,000. Finally, Allworth Financial LP purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $130,000.
About Direxion Daily Semiconductors Bear 3X ETF
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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