Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down to $40.23

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $40.23, but opened at $38.35. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $38.81, with a volume of 3,200,188 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The stock has a 50-day moving average of $35.48 and a 200-day moving average of $61.60.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $152,000. Pathstone Family Office LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $179,000. HighTower Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $852,000. Headlands Technologies LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $301,000. Finally, Gateway Advisory LLC increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 16.7% in the third quarter. Gateway Advisory LLC now owns 42,000 shares of the company’s stock valued at $470,000 after purchasing an additional 6,000 shares during the last quarter.

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.