Virtu Financial LLC Makes New $6.18 Million Investment in Direxion Daily Semiconductors Bear 3x Shares $SOXS

Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,973,906 shares of the company’s stock, valued at approximately $6,178,000. Direxion Daily Semiconductors Bear 3x Shares makes up approximately 0.2% of Virtu Financial LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds also recently made changes to their positions in the company. Group One Trading LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 64.4% during the third quarter. Group One Trading LLC now owns 304,291 shares of the company’s stock worth $1,573,000 after purchasing an additional 119,167 shares in the last quarter. PayPay Securities Corp boosted its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 169.2% in the fourth quarter. PayPay Securities Corp now owns 54,598 shares of the company’s stock valued at $171,000 after purchasing an additional 34,320 shares during the period. Hamilton Wealth LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $536,000. Ballew Advisors Inc grew its holdings in Direxion Daily Semiconductors Bear 3x Shares by 46.3% during the 4th quarter. Ballew Advisors Inc now owns 179,944 shares of the company’s stock valued at $563,000 after purchasing an additional 56,928 shares in the last quarter. Finally, Capstone Capital Management Ltd acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $252,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 19.5%

Direxion Daily Semiconductors Bear 3x Shares stock opened at $3.59 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $3.45 and a 12-month high of $199.40. The firm’s fifty day moving average price is $11.08 and its 200 day moving average price is $33.51.

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. 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.