Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $39.78, but opened at $42.08. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $42.47, with a volume of 22,275,559 shares changing hands.
Direxion Daily Semiconductors Bear 3X ETF Stock Up 2.8%
The firm has a fifty day moving average of $42.47 and a two-hundred day moving average of $163.81.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth about $3,126,000. GTS Securities LLC purchased a new stake in Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $1,109,000. Allworth Financial LP acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $130,000. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth approximately $117,000. Finally, Corient Private Wealth LP purchased a new position in Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter worth approximately $78,000.
Direxion Daily Semiconductors Bear 3X ETF 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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