Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $40.28, but opened at $38.65. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $37.88, with a volume of 16,151,619 shares changing hands.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The stock’s 50 day simple moving average is $46.17 and its 200-day simple moving average is $187.96.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after purchasing an additional 2,292,689 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $6,178,000. Smithfield Trust Co acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $4,679,000. HRT Financial LP acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $3,942,000. Finally, UBS Group AG increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the 4th quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after purchasing an additional 787,062 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. 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.
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