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

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped up before the market opened on Monday . The stock had previously closed at $45.52, but opened at $50.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $52.82, with a volume of 18,047,327 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 7.0 %

The firm’s fifty day moving average price is $23.60 and its 200 day moving average price is $22.00.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1846 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of SOXS. Optiver Holding B.V. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $37,000. PayPay Securities Corp acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $65,000. Corient Private Wealth LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $573,000. Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the fourth quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after purchasing an additional 6,095 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $674,000.

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.