Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down – Should You Sell?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $28.19, but opened at $26.30. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $25.94, with a volume of 4,262,733 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 1.4 %

The firm has a fifty day simple moving average of $21.01 and a two-hundred day simple moving average of $21.79.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently modified their holdings of the business. GTS Securities LLC raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 269.2% during the 4th 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 period. Lighthouse Investment Partners LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $674,000. Optiver Holding B.V. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $3,466,000 after buying an additional 138,817 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 208.7% in the fourth 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 period.

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.