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 before the market opened on Wednesday . The stock had previously closed at $18.20, but opened at $17.37. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $17.73, with a volume of 21,777,701 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 5.1%

The business’s 50-day moving average is $34.43 and its 200-day moving average is $53.00.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds have recently made changes to their positions in SOXS. Tower Research Capital LLC TRC grew its holdings 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 worth $7,177,000 after acquiring an additional 2,292,689 shares during the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $6,178,000. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $4,679,000. HRT Financial LP bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $3,942,000. Finally, Lane Generational LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth about $6,309,000.

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.