Lane Generational LLC Takes $6.31 Million Position in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Lane Generational LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,220,392 shares of the company’s stock, valued at approximately $6,309,000. Direxion Daily Semiconductors Bear 3x Shares comprises about 5.2% of Lane Generational LLC’s holdings, making the stock its 7th largest holding. Lane Generational LLC owned 0.37% of Direxion Daily Semiconductors Bear 3x Shares at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SOXS. PFG Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $75,000. Game Plan Financial Advisors LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $45,000. Wealth Enhancement Advisory Services LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 60.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 218,573 shares of the company’s stock valued at $1,130,000 after purchasing an additional 82,700 shares during the period. Howard Financial Services LTD. grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 125.8% during the 3rd quarter. Howard Financial Services LTD. now owns 70,000 shares of the company’s stock worth $362,000 after buying an additional 39,000 shares during the last quarter. Finally, Capital Advisors Inc. OK bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth $1,551,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 11.9%

Shares of NYSEARCA SOXS opened at $1.97 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $1.72 and a 1-year high of $53.43. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $4.65.

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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.