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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up before the market opened on Friday . The stock had previously closed at $3.83, but opened at $4.17. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $3.7750, with a volume of 180,141,476 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The company has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $7.95.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 277.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock valued at $49,283,000 after acquiring an additional 1,250,000 shares during the last quarter. Lane Generational LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $6,309,000. IHT Wealth Management LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $7,441,000. Simplex Trading LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $3,970,000. Finally, SBI Securities Co. Ltd. raised its position in Direxion Daily Semiconductors Bear 3x Shares by 285.7% in the third quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock valued at $3,496,000 after purchasing an additional 500,969 shares during the period.

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.