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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Tuesday . The stock had previously closed at $4.65, but opened at $3.97. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.28, with a volume of 175,723,845 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 7.4%

The stock’s fifty day moving average price is $58.17 and its two-hundred day moving average price is $256.17.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently added to or reduced their stakes in the business. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $4,679,000. PayPay Securities Corp boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the 4th quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after acquiring an additional 34,320 shares during the period. Capstone Capital Management Ltd bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $252,000. Ballew Advisors Inc grew its position in Direxion Daily Semiconductors Bear 3x Shares by 46.3% during the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock worth $563,000 after acquiring an additional 56,928 shares during the last quarter. Finally, Fragasso Financial Advisors Inc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $141,000.

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.