Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.08, but opened at $3.38. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.96, with a volume of 184,765,125 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 7.4%

The firm has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $31.81.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently bought and sold shares of SOXS. Toronto Dominion Bank raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $43,000. Nwam LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $56,000. Marex Group plc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $63,000. Finally, VestGen Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $81,000.

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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.