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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $36.26, but opened at $40.56. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $39.96, with a volume of 16,105,531 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 3.8%

The company has a 50 day moving average of $38.20 and a 200 day moving average of $61.38.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after purchasing an additional 272,129 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $564,000. Qube Research & Technologies Ltd increased its position 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 during the last quarter. Lighthouse Investment Partners LLC increased its position 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 during the last quarter. Finally, Group One Trading LLC raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 284.7% during the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after buying an additional 137,001 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.