Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $40.28, but opened at $38.65. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $37.88, with a volume of 16,151,619 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The stock’s fifty day moving average price is $46.17 and its two-hundred day moving average price is $187.96.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Several hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% during 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 acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $43,000. Nwam LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $56,000. Marex Group plc acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $63,000. Finally, VestGen Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth 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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