45,000 Shares in Direxion Daily Semiconductors Bear 3x Shares $SOXS Purchased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc bought a new stake in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds also recently bought and sold shares of the company. Capital Advisors Inc. OK acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at about $1,551,000. IMC Chicago LLC lifted its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 300.5% in the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock worth $2,656,000 after acquiring an additional 385,412 shares during the last quarter. Group One Trading LLC boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 64.4% during the 3rd 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 during the period. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $7,441,000. Finally, Lane Generational LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $6,309,000.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of NYSEARCA SOXS opened at $40.66 on Friday. The business’s 50 day moving average is $38.70 and its two-hundred day moving average is $66.75. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $31.40 and a 52-week high of $1,068.60.

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.