Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $18.99, but opened at $20.19. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $19.74, with a volume of 12,000,656 shares.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 5.4 %

The firm's 50 day moving average is $32.12 and its 200-day moving average is $43.78.

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

A number of large investors have recently modified their holdings of SOXS. Jane Street Group LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 504.8% during the third quarter. Jane Street Group LLC now owns 1,633,039 shares of the company's stock worth $115,505,000 after acquiring an additional 1,363,038 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at about $2,185,000. Trek Financial LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at about $3,399,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at about $2,992,000. Finally, UBS Group AG grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 5.4% in the 3rd quarter. UBS Group AG now owns 27,528 shares of the company's stock valued at $1,947,000 after acquiring an additional 1,410 shares during the period.

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.

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