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

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 $36.26, but opened at $40.56. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $39.96, with a volume of 16,105,531 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock’s fifty day simple moving average is $38.04 and its two-hundred day simple moving average is $60.60.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently modified their holdings of the business. Game Plan Financial Advisors LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $45,000. Toronto Dominion Bank lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares during the period. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $43,000. Tidal Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at about $109,000. Finally, PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at about $75,000.

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.