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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Wednesday . The stock had previously closed at $5.17, but opened at $4.88. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $5.17, with a volume of 156,656,394 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day simple moving average of $19.79 and a two-hundred day simple moving average of $40.31.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Group One Trading LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 64.4% in the 3rd quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after purchasing an additional 119,167 shares during the period. IMC Chicago LLC grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 300.5% in the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock worth $2,656,000 after acquiring an additional 385,412 shares during the last quarter. Ballew Advisors Inc increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 46.3% in the fourth quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after acquiring an additional 56,928 shares during the period. Hamilton Wealth LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $536,000. Finally, PayPay Securities Corp raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 169.2% during the fourth quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after acquiring an additional 34,320 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.