Direxion Daily Semiconductors Bear 3x Shares (SOXS) Shares Gap Down to $6.78

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) gapped down before the market opened on Tuesday . The stock had previously closed at $7.06, but opened at $6.78. Direxion Daily Semiconductors Bear 3x Shares shares last traded at $6.57, with a volume of 7164991 shares.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th will be issued a dividend of $0.0166 per share. The ex-dividend date is Tuesday, March 19th. This represents a $0.07 annualized dividend and a yield of 1.01%.

A number of institutional investors have recently bought and sold shares of SOXS. Clean Yield Group acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth approximately $79,000. Verity Asset Management Inc. grew its position in Direxion Daily Semiconductors Bear 3x Shares by 42.8% in the third quarter. Verity Asset Management Inc. now owns 19,828 shares of the company’s stock worth $193,000 after buying an additional 5,938 shares during the last quarter. XR Securities LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 11.0% in the fourth quarter. XR Securities LLC now owns 17,865 shares of the company’s stock worth $236,000 after buying an additional 1,767 shares during the last quarter. Finally, HRT Financial LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 543.2% in the third quarter. HRT Financial LLC now owns 83,808 shares of the company’s stock worth $816,000 after buying an additional 70,779 shares during the last quarter.

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Direxion Daily Semiconductors Bear 3x Shares Company Profile (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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