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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Tuesday . The stock had previously closed at $42.35, but opened at $37.40. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $36.63, with a volume of 13,921,461 shares changing hands.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.7 %

The firm’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $22.15.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 208.7% in the 4th quarter. Virtu Financial LLC now owns 814,792 shares of the company’s stock valued at $18,308,000 after buying an additional 550,886 shares during the period. GTS Securities LLC raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 269.2% during the fourth quarter. GTS Securities LLC now owns 339,124 shares of the company’s stock worth $7,620,000 after acquiring an additional 247,267 shares in the last quarter. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $6,636,000. Tower Research Capital LLC TRC grew its stake in 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 valued at $3,466,000 after purchasing an additional 138,817 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 82.9% during the 3rd quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock worth $1,157,000 after purchasing an additional 25,901 shares in the last quarter.

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.