Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) Shares Gap Down – What’s Next?

Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $46.74, but opened at $44.69. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $44.62, with a volume of 22,618,288 shares trading hands.

Direxion Daily Semiconductors Bear 3X ETF Price Performance

The business’s 50-day simple moving average is $47.56 and its two-hundred day simple moving average is $144.80.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF

Several large investors have recently bought and sold shares of SOXS. Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $117,000. NewEdge Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $45,000. Allworth Financial LP bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $130,000. Corient Private Wealth LP bought a new stake in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $78,000. Finally, PCG Wealth Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at approximately $55,000.

Direxion Daily Semiconductors Bear 3X ETF 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.