Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up prior to trading on Monday . The stock had previously closed at $54.27, but opened at $58.24. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $60.14, with a volume of 26,450,161 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 1.9%

The firm’s 50 day moving average is $49.73 and its two-hundred day moving average is $214.57.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of large investors have recently modified their holdings of the stock. Toronto Dominion Bank raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after acquiring an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $43,000. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $109,000. Headlands Technologies LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% during the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after purchasing an additional 17,744 shares during the period. Finally, Nwam LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $56,000.

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.