Modern Wealth Management LLC Takes $83,000 Position in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Modern Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the 3rd quarter, HoldingsChannel reports. The fund bought 16,000 shares of the company’s stock, valued at approximately $83,000.

A number of other hedge funds have also made changes to their positions in SOXS. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 356.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 175,330 shares of the company’s stock valued at $1,383,000 after purchasing an additional 136,921 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 11,545.6% during the second quarter. JPMorgan Chase & Co. now owns 274,486 shares of the company’s stock worth $2,166,000 after buying an additional 272,129 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth about $564,000. Qube Research & Technologies Ltd increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 16,725.0% during the second quarter. Qube Research & Technologies Ltd now owns 100,950 shares of the company’s stock worth $796,000 after buying an additional 100,350 shares in the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 100.0% during the second quarter. Lighthouse Investment Partners LLC now owns 60,000 shares of the company’s stock worth $473,000 after buying an additional 30,000 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 2.8%

NYSEARCA:SOXS opened at $37.73 on Thursday. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $31.40 and a 1 year high of $1,068.60. The firm has a 50 day moving average of $40.47 and a 200-day moving average of $71.58.

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. 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.