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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.34, but opened at $11.65. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $11.78, with a volume of 32,541,963 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The firm has a 50 day simple moving average of $23.89 and a two-hundred day simple moving average of $22.32.

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

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 277.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock valued at $49,283,000 after purchasing an additional 1,250,000 shares during the last quarter. Jump Financial LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 7.3% during the 1st quarter. Jump Financial LLC now owns 192,109 shares of the company’s stock valued at $5,569,000 after purchasing an additional 13,009 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at $1,145,000. FNY Investment Advisers LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at $130,000. Finally, GTS Securities LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 269.2% during the 4th quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock valued at $7,620,000 after purchasing an additional 247,267 shares during the last quarter.

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.