Modern Wealth Management LLC Makes New $83,000 Investment in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Modern Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,000 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds also recently made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter worth about $45,000. PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at about $75,000. PayPay Securities Corp raised its position in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock worth $105,000 after purchasing an additional 7,098 shares in the last quarter. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth about $109,000. Finally, Vontobel Holding Ltd. lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the third quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock worth $134,000 after purchasing an additional 11,400 shares during the period.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.8%

NYSEARCA SOXS opened at $37.73 on Thursday. The stock’s 50 day moving average is $40.47 and its two-hundred day moving average is $71.58. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $31.40 and a 1-year high of $1,068.60.

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. 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.