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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXSGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $2.06, but opened at $1.9650. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $1.95, with a volume of 385,348,559 shares.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 5.8%

The stock has a 50-day moving average price of $2.15 and a 200-day moving average price of $3.77.

Shares of Direxion Daily Semiconductors Bear 3x Shares are scheduled to reverse split before the market opens on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in SOXS. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $6,178,000. Axxcess Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $151,000. VestGen Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $81,000. Toronto Dominion Bank boosted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $2,212,000.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

(Get Free Report)

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.

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