Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.69, but opened at $5.25. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.23, with a volume of 128,286,494 shares trading hands.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The firm has a 50-day simple moving average of $16.46 and a 200 day simple moving average of $37.75.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Large investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in 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 valued at $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $43,000. Tidal Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $109,000. Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $83,000. Finally, Headlands Technologies LLC increased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after buying an additional 17,744 shares during the period.
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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