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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $3.29, but opened at $3.18. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.2550, with a volume of 133,752,913 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 11.7%

The stock’s fifty day moving average price is $3.68 and its 200 day moving average price is $6.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 277.8% during the first quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock valued at $49,283,000 after acquiring an additional 1,250,000 shares during the last quarter. Lane Generational LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $6,309,000. IHT Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $7,441,000. Simplex Trading LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $3,970,000. Finally, SBI Securities Co. Ltd. increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 285.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock valued at $3,496,000 after purchasing an additional 500,969 shares in the last quarter.

About Direxion Daily Semiconductors Bear 3x Shares

(Get Free Report)

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.

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