Smithfield Trust Co Invests $4.68 Million in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Smithfield Trust Co purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,494,700 shares of the company’s stock, valued at approximately $4,679,000.

A number of other large investors have also made changes to their positions in the business. Axxcess Wealth Management LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $151,000. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $43,000. Capstone Capital Management Ltd acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $252,000. Nwam LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $56,000. Finally, IMC Chicago LLC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 33.1% during the fourth quarter. IMC Chicago LLC now owns 683,679 shares of the company’s stock valued at $2,140,000 after buying an additional 169,995 shares during the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

NYSEARCA SOXS opened at $7.73 on Tuesday. The stock’s fifty day moving average price is $23.06 and its 200 day moving average price is $42.57. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $7.50 and a 1 year high of $280.20.

About Direxion Daily Semiconductors Bear 3x Shares

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.