SBI Securities Co. Ltd. Has $3.50 Million Holdings in Direxion Daily Semiconductors Bear 3x Shares $SOXS

SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 285.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 676,299 shares of the company’s stock after purchasing an additional 500,969 shares during the quarter. SBI Securities Co. Ltd. owned 0.20% of Direxion Daily Semiconductors Bear 3x Shares worth $3,496,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SOXS. Game Plan Financial Advisors LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at about $45,000. Eastern Bank bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $61,000. PFG Investments LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at approximately $75,000. PayPay Securities Corp boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock valued at $104,000 after buying an additional 11,570 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $109,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 0.4%

SOXS opened at $2.24 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $1.72 and a 1 year high of $53.43. The firm’s fifty day moving average price is $2.66 and its two-hundred day moving average price is $4.52.

Direxion Daily Semiconductors Bear 3x Shares shares are set to reverse split before the market opens on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

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.