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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up prior to trading on Tuesday . The stock had previously closed at $49.02, but opened at $51.88. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $52.89, with a volume of 14,972,101 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 4.9%

The firm has a 50 day moving average price of $46.18 and a 200-day moving average price of $161.74.

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

Several large investors have recently added to or reduced their stakes in SOXS. Tower Research Capital LLC TRC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,292,689 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $6,178,000. Smithfield Trust Co purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth $4,679,000. HRT Financial LP bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $3,942,000. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $3,126,000.

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.