Smithfield Trust Co Makes New $4.68 Million Investment in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Smithfield Trust Co bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,494,700 shares of the company’s stock, valued at approximately $4,679,000. Smithfield Trust Co owned 0.26% of Direxion Daily Semiconductors Bear 3x Shares as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Lane Generational LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $6,309,000. UBS Group AG lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after buying an additional 787,062 shares during the period. IMC Chicago LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 33.1% during the fourth quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock worth $2,140,000 after purchasing an additional 169,995 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 285.7% during the third quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock worth $3,496,000 after purchasing an additional 500,969 shares in the last quarter. Finally, Group One Trading LLC increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 64.4% during the third quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after purchasing an additional 119,167 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS stock opened at $7.73 on Tuesday. The business’s fifty day simple moving average is $23.06 and its 200-day simple moving average is $42.57. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $7.50 and a 12-month high of $280.20.

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.