Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up – Here’s Why

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $23.28, but opened at $25.69. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $24.78, with a volume of 10,124,072 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The business has a 50 day moving average price of $20.43 and a 200-day moving average price of $21.60.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 208.7% during the fourth quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock valued at $18,308,000 after acquiring an additional 550,886 shares during the period. BNP Paribas Financial Markets boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 200.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 752,200 shares of the company’s stock valued at $15,232,000 after purchasing an additional 502,200 shares during the period. GTS Securities LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 269.2% in the 4th quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock worth $7,620,000 after purchasing an additional 247,267 shares during the last quarter. Smithfield Trust Co acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $6,636,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 899.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 154,251 shares of the company’s stock valued at $3,466,000 after buying an additional 138,817 shares during the last quarter.

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.