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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up before the market opened on Tuesday . The stock had previously closed at $8.20, but opened at $8.75. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $8.62, with a volume of 97,314,904 shares trading hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 16.8%

The business has a fifty day simple moving average of $29.21 and a 200-day simple moving average of $46.94.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after acquiring an additional 2,292,689 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $6,178,000. Smithfield Trust Co bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $4,679,000. HRT Financial LP bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $3,942,000. Finally, Lane Generational LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at approximately $6,309,000.

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.