Virtu Financial LLC Purchases 550,886 Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

Virtu Financial LLC boosted its position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 208.7% in the 4th quarter, Holdings Channel reports. The firm owned 814,792 shares of the company’s stock after acquiring an additional 550,886 shares during the quarter. Direxion Daily Semiconductors Bear 3x Shares accounts for about 1.0% of Virtu Financial LLC’s portfolio, making the stock its 9th largest position. Virtu Financial LLC’s holdings in Direxion Daily Semiconductors Bear 3x Shares were worth $18,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $65,000. Edgestream Partners L.P. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $397,000. Corient Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $573,000. Vontobel Holding Ltd. raised its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after acquiring an additional 6,095 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth approximately $860,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of Direxion Daily Semiconductors Bear 3x Shares stock opened at $24.91 on Friday. The stock’s 50 day simple moving average is $21.50 and its 200-day simple moving average is $21.84. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $16.35 and a 1-year high of $46.84.

Direxion Daily Semiconductors Bear 3x Shares 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.