Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Thursday . The stock had previously closed at $4.13, but opened at $3.82. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.8250, with a volume of 96,540,858 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 4.6%

The stock has a fifty day moving average of $4.41 and a two-hundred day moving average of $7.47.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in SOXS. Game Plan Financial Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth about $45,000. Eastern Bank acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth approximately $61,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $75,000. Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $83,000. Finally, PayPay Securities Corp raised its position in Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares during the last quarter.

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.