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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Tuesday . The stock had previously closed at $4.65, but opened at $3.97. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $4.28, with a volume of 175,723,845 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 9.5%

The stock has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $26.40.

Direxion Daily Semiconductors Bear 3x Shares shares are scheduled to reverse split on Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 14th.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several large investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $43,000. Tidal Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $109,000. Vontobel Holding Ltd. boosted its stake 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 valued at $132,000 after purchasing an additional 16,300 shares in the last quarter. Headlands Technologies LLC boosted its stake 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 valued at $142,000 after purchasing an additional 17,744 shares in the last quarter. Finally, Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at approximately $56,000.

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.