Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.72, but opened at $4.07. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.00, with a volume of 128,597,317 shares changing hands.
Direxion Daily Semiconductors Bear 3x Shares Stock Down 15.3%
The firm has a 50 day moving average of $13.54 and a 200 day moving average of $35.45.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $6,178,000. Axxcess Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $151,000. VestGen Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $81,000. Toronto Dominion Bank lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $2,212,000.
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.
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