Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Down to $30.83

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down prior to trading on Monday . The stock had previously closed at $30.83, but opened at $29.37. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $29.28, with a volume of 6,650,478 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.9 %

The company’s fifty day simple moving average is $24.49 and its 200 day simple moving average is $29.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the first quarter worth $36,000. Private Capital Advisors Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter worth about $50,000. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $60,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter worth about $61,000. Finally, Bank of Nova Scotia purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $81,000.

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.