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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Monday . The stock had previously closed at $4.72, but opened at $4.07. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.00, with a volume of 128,597,317 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 15.3%

The firm has a fifty day moving average price of $13.54 and a 200-day moving average price of $35.45.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently bought and sold shares of SOXS. JPMorgan Chase & Co. lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% in the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock valued at $2,166,000 after purchasing an additional 272,129 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% in the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock valued at $796,000 after purchasing an additional 100,350 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 100.0% in the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock valued at $473,000 after purchasing an additional 30,000 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 284.7% in the second quarter. Group One Trading LLC now owns 185,124 shares of the company’s stock valued at $1,461,000 after purchasing an additional 137,001 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $109,000.

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.