Vontobel Holding Ltd. bought a new position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,500 shares of the company’s stock, valued at approximately $114,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Financial Services LTD. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $245,000. AFG Fiduciary Services Limited Partnership purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $307,000. Ballew Advisors Inc purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $896,000. Wealth Enhancement Advisory Services LLC grew its position in Direxion Daily Semiconductors Bear 3x Shares by 452.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,873 shares of the company’s stock worth $1,012,000 after acquiring an additional 111,300 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the first quarter worth $1,145,000.
Direxion Daily Semiconductors Bear 3x Shares Trading Down 9.2%
Shares of NYSEARCA:SOXS opened at $4.07 on Thursday. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $4.06 and a 52-week high of $53.43. The firm has a fifty day moving average of $6.06 and a 200 day moving average of $11.75.
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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