Lane Generational LLC Makes New $6.31 Million Investment in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Lane Generational LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,220,392 shares of the company’s stock, valued at approximately $6,309,000. Direxion Daily Semiconductors Bear 3x Shares comprises approximately 5.2% of Lane Generational LLC’s holdings, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in SOXS. Eastern Bank acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $61,000. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $45,000. PayPay Securities Corp grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at $109,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter valued at about $114,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 11.9%

SOXS stock opened at $1.97 on Friday. The company has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $4.65. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $1.72 and a fifty-two week high of $53.43.

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.