Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares gapped up prior to trading on Monday . The stock had previously closed at $45.52, but opened at $50.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $52.82, with a volume of 18,047,327 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 7.0 %

The stock’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $22.00.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1846 per share. The ex-dividend date was Tuesday, March 25th.

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

Large investors have recently modified their holdings of the business. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $37,000. PayPay Securities Corp acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $65,000. Corient Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $573,000. Vontobel Holding Ltd. increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the fourth quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after purchasing an additional 6,095 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $674,000.

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.