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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Wednesday . The stock had previously closed at $5.17, but opened at $4.88. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.17, with a volume of 156,656,394 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a 50 day simple moving average of $17.75 and a 200-day simple moving average of $38.85.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after purchasing an additional 2,292,689 shares in the last quarter. Virtu Financial LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $6,178,000. Smithfield Trust Co bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $4,679,000. HRT Financial LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $3,942,000. Finally, UBS Group AG boosted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares 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 in 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. 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.