Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.91, but opened at $5.57. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.64, with a volume of 206,601,091 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The company has a fifty day moving average price of $18.40 and a 200-day moving average price of $39.35.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Large investors have recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $43,000. Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $56,000. Marex Group plc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $63,000. Finally, VestGen Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $81,000.
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.
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