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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up prior to trading on Tuesday . The stock had previously closed at $3.30, but opened at $3.99. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.88, with a volume of 353,446,468 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $32.62.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently added to or reduced their stakes in SOXS. Virtu Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $6,178,000. Axxcess Wealth Management LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $151,000. VestGen Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $81,000. Toronto Dominion Bank lifted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock valued at $36,000 after buying an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $2,212,000.

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. 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.