Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $8.95, but opened at $8.38. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $8.73, with a volume of 123,783,661 shares.
Direxion Daily Semiconductors Bear 3x Shares Stock Down 6.7%
The stock’s 50 day simple moving average is $28.68 and its 200 day simple moving average is $46.42.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after buying an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $6,178,000. Smithfield Trust Co purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $3,942,000. Finally, Lane Generational LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $6,309,000.
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.
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