SBI Securities Co. Ltd. Sells 94,522 Shares of Direxion Daily Semiconductors Bear 3x Shares $SOXS

SBI Securities Co. Ltd. cut its holdings in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 14.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 581,777 shares of the company’s stock after selling 94,522 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily Semiconductors Bear 3x Shares were worth $1,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $45,000. Tidal Investments LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at $109,000. PFG Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $75,000. Modern Wealth Management LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $83,000. Finally, Headlands Technologies LLC increased its position in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% during the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock worth $142,000 after buying an additional 17,744 shares during the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

NYSEARCA SOXS opened at $9.81 on Thursday. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $9.80 and a fifty-two week high of $370.00. The stock’s 50-day moving average is $30.65 and its two-hundred day moving average is $48.42.

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.