Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Shares Gap Up to $40.62

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $42.82, but opened at $40.62. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $38.57, with a volume of 1,473,883 shares.

The business’s fifty day moving average price is $39.83 and its two-hundred day moving average price is $25.15.

The company also recently declared a — dividend, which was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 25th were issued a $0.2552 dividend. This represents a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 24th.

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 121.0% in the 2nd quarter. Jane Street Group LLC now owns 14,265 shares of the company’s stock valued at $735,000 after purchasing an additional 82,065 shares during the last quarter. Verity Asset Management Inc. purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $159,000. Finally, XR Securities LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $506,000.

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

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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