Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down to $40.23

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Thursday . The stock had previously closed at $40.23, but opened at $38.35. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $38.81, with a volume of 3,200,188 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The company’s 50 day simple moving average is $35.32 and its 200 day simple moving average is $60.95.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently modified their holdings of the stock. Private Capital Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the first quarter valued at about $50,000. Valtinson Bruner Financial Planning LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at approximately $61,000. Bellecapital International Ltd. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $72,000. Bank of Nova Scotia purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $81,000. Finally, PayPay Securities Corp boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 111.1% in the fourth quarter. PayPay Securities Corp now owns 18,687 shares of the company’s stock worth $109,000 after acquiring an additional 9,833 shares during the period.

Direxion Daily Semiconductors Bear 3x Shares 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.