Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $54.85, but opened at $51.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $50.65, with a volume of 17,277,516 shares traded.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 5.7%
The business’s fifty day simple moving average is $56.42 and its 200 day simple moving average is $248.46.
Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares
A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock worth $7,177,000 after acquiring an additional 2,292,689 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $6,178,000. Smithfield Trust Co bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $4,679,000. HRT Financial LP bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $3,942,000. Finally, UBS Group AG boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after acquiring an additional 787,062 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. 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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