Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $3.29, but opened at $3.18. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.2550, with a volume of 133,752,913 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The company’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $6.21.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 277.8% during the first quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares during the period. Lane Generational LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $6,309,000. IHT Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $7,441,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at $3,970,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock valued at $3,496,000 after acquiring an additional 500,969 shares in the last quarter.
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.
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