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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $28.79, but opened at $30.57. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $30.56, with a volume of 13,247,279 shares traded.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day moving average price of $22.42 and a 200 day moving average price of $21.74.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid 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 bought and sold shares of the business. Optiver Holding B.V. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth about $37,000. PayPay Securities Corp purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth approximately $65,000. Edgestream Partners L.P. acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $397,000. Corient Private Wealth LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $573,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after buying 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.