Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $58.34, but opened at $67.21. Direxion Daily Semiconductors Bear 3X ETF shares last traded at $70.55, with a volume of 33,012,426 shares traded.
Direxion Daily Semiconductors Bear 3X ETF Trading Down 12.6%
The stock’s 50 day simple moving average is $44.13 and its 200 day simple moving average is $150.23.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3X ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of SOXS. Formidable Asset Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF in the third quarter valued at $11,899,000. Tidal Investments LLC bought a new position in Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter worth about $117,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $45,000. Allworth Financial LP acquired a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF in the second quarter valued at approximately $130,000. Finally, Corient Private Wealth LP bought a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the second quarter valued at approximately $78,000.
About Direxion Daily Semiconductors Bear 3X ETF
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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