Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $50.75, but opened at $47.82. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $47.33, with a volume of 12,133,914 shares trading hands.
Direxion Daily Semiconductors Bear 3x Shares Stock Performance
The firm’s 50 day moving average is $45.28 and its 200 day moving average is $174.09.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the 4th 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 bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $6,178,000. Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $4,679,000. HRT Financial LP bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $3,942,000. Finally, Two Sigma Securities LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $3,126,000.
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.
Recommended Stories
- Five stocks we like better than Direxion Daily Semiconductors Bear 3x Shares
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
- IBM Just Opened Its Mainframes to Arm—Is the Market Missing the Shift?
- Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
- NVIDIA Reveals $21 Billion SpaceX Stake: Signal of Confidence or Circular Financing?
Receive News & Ratings for Direxion Daily Semiconductors Bear 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Semiconductors Bear 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
