Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.93, but opened at $6.24. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.91, with a volume of 351,006,291 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 24.4%
The business has a 50-day moving average price of $14.17 and a 200-day moving average price of $35.98.
Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares
Several hedge funds have recently modified their holdings of the company. Group One Trading LLC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 64.4% in the 3rd quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after acquiring an additional 119,167 shares in the last quarter. PayPay Securities Corp increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the 4th quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after purchasing an additional 34,320 shares in the last quarter. Ballew Advisors Inc raised its position in Direxion Daily Semiconductors Bear 3x Shares by 46.3% in the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after purchasing an additional 56,928 shares during the last quarter. Hamilton Wealth LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $536,000. Finally, Capstone Capital Management Ltd acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $252,000.
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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