Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $51.60, but opened at $49.56. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $46.76, with a volume of 20,409,031 shares trading hands.
Direxion Daily Semiconductors Bear 3x Shares Price Performance
The business’s 50 day moving average is $46.94 and its two-hundred day moving average is $155.44.
Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake 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 worth $36,000 after buying an additional 95,743 shares in the last quarter. OceanIQ Capital LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at $44,000. IFP Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $43,000. Tidal Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $109,000. Finally, PCG Wealth Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $55,000.
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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