Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down to $41.18

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $41.18, but opened at $38.00. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $38.05, with a volume of 7,080,637 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock’s 50 day simple moving average is $36.15 and its 200-day simple moving average is $63.79.

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

Several hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $127,000. Bellecapital International Ltd. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $72,000. Commonwealth Equity Services LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $152,000. Bank of Nova Scotia acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $81,000. Finally, Pathstone Family Office LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $179,000.

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.