Smithfield Trust Co Takes $6.64 Million Position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

Smithfield Trust Co bought a new position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 295,280 shares of the company’s stock, valued at approximately $6,636,000. Smithfield Trust Co owned about 1.70% of Direxion Daily Semiconductors Bear 3x Shares as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at approximately $498,000. BNP Paribas Financial Markets boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 200.9% during the third quarter. BNP Paribas Financial Markets now owns 752,200 shares of the company’s stock worth $15,232,000 after buying an additional 502,200 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $397,000. HighTower Advisors LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 82.9% in the third quarter. HighTower Advisors LLC now owns 57,151 shares of the company’s stock valued at $1,157,000 after buying an additional 25,901 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 696.1% in the third quarter. IHT Wealth Management LLC now owns 93,300 shares of the company’s stock worth $1,965,000 after acquiring an additional 81,580 shares during the period.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

SOXS stock opened at $24.87 on Wednesday. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $16.35 and a 52-week high of $46.84. The company’s 50-day simple moving average is $20.37 and its 200-day simple moving average is $21.58.

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.