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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped down prior to trading on Friday . The stock had previously closed at $44.76, but opened at $41.54. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $42.12, with a volume of 16,014,824 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 3.8%

The company has a 50 day moving average of $48.06 and a two-hundred day moving average of $203.47.

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

Several large investors have recently made changes to their positions in SOXS. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after purchasing an additional 272,129 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after buying an additional 100,350 shares in the last quarter. Lighthouse Investment Partners LLC boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after buying an additional 30,000 shares in the last quarter. Group One Trading LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock worth $1,461,000 after buying an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $109,000.

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. 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.