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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up prior to trading on Monday . The stock had previously closed at $45.52, but opened at $50.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $52.82, with a volume of 18,047,327 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

The business has a 50-day simple moving average of $25.01 and a two-hundred day simple moving average of $22.49.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 208.7% during the 4th quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock valued at $18,308,000 after acquiring an additional 550,886 shares during the last quarter. GTS Securities LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 269.2% in the fourth quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock valued at $7,620,000 after purchasing an additional 247,267 shares during the last quarter. Smithfield Trust Co bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $6,636,000. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 899.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 154,251 shares of the company’s stock valued at $3,466,000 after buying an additional 138,817 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 82.9% during the third quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock worth $1,157,000 after buying an additional 25,901 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.