SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Free Report) by 356.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,330 shares of the company’s stock after acquiring an additional 136,921 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily Semiconductors Bear 3x Shares were worth $1,383,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $61,000. PayPay Securities Corp grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after purchasing an additional 11,570 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth about $114,000. Howard Financial Services LTD. purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $245,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $307,000.
Direxion Daily Semiconductors Bear 3x Shares Stock Up 10.1%
Shares of SOXS opened at $3.83 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a twelve month low of $3.13 and a twelve month high of $53.43. The firm’s 50 day moving average price is $4.62 and its 200 day moving average price is $7.95.
Direxion Daily Semiconductors Bear 3x Shares 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.
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