Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.68, but opened at $3.39. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.4260, with a volume of 63,382,422 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company has a 50 day moving average of $4.92 and a 200 day moving average of $8.22.

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

Several large investors have recently added to or reduced their stakes in SOXS. Game Plan Financial Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $45,000. Eastern Bank bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $61,000. PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $75,000. PayPay Securities Corp increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after buying an additional 11,570 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $109,000.

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.