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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.82, but opened at $2.92. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.0150, with a volume of 119,898,301 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $6.30.

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

A number of large investors have recently modified their holdings of SOXS. Eastern Bank acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth about $61,000. Game Plan Financial Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $45,000. PayPay Securities Corp boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $109,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $114,000.

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.