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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $54.93, but opened at $61.28. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $63.63, with a volume of 23,653,785 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The firm’s 50-day moving average is $51.74 and its 200 day moving average is $226.51.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $43,000. Tidal Investments LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth about $109,000. Vontobel Holding Ltd. raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 62.9% in the 4th quarter. Vontobel Holding Ltd. now owns 42,200 shares of the company’s stock worth $132,000 after purchasing an additional 16,300 shares during the period. Headlands Technologies LLC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the 2nd quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after purchasing an additional 17,744 shares during the period. Finally, Nwam LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $56,000.

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.