Formidable Asset Management LLC Buys New Shares in Direxion Daily Semiconductors Bear 3X ETF $SOXS

Formidable Asset Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3X ETF (NYSEARCA:SOXS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 359,705 shares of the company’s stock, valued at approximately $11,899,000. Direxion Daily Semiconductors Bear 3X ETF accounts for about 1.7% of Formidable Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOXS. OceanIQ Capital LLC acquired a new position in Direxion Daily Semiconductors Bear 3X ETF during the second quarter worth approximately $44,000. NewEdge Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $45,000. PCG Wealth Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3X ETF in the 2nd quarter valued at $55,000. Corient Private Wealth LP purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at $78,000. Finally, Tidal Investments LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3X ETF during the 2nd quarter valued at $117,000.

Direxion Daily Semiconductors Bear 3X ETF Stock Performance

SOXS stock opened at $70.95 on Friday. The business has a fifty day simple moving average of $44.13 and a 200-day simple moving average of $150.23. Direxion Daily Semiconductors Bear 3X ETF has a 52 week low of $28.46 and a 52 week high of $1,030.00.

About Direxion Daily Semiconductors Bear 3X ETF

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.