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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) 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.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 1.4 %

The firm’s 50 day moving average price is $21.01 and its 200-day moving average price is $21.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $37,000. PayPay Securities Corp bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $65,000. Edgestream Partners L.P. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth approximately $397,000. Corient Private Wealth LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $573,000. Finally, Vontobel Holding Ltd. raised its stake in Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock worth $639,000 after acquiring an additional 6,095 shares during the period.

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.