IMC Chicago LLC Buys 385,412 Shares of Direxion Daily Semiconductors Bear 3x Shares $SOXS

IMC Chicago LLC increased its position in Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 300.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,684 shares of the company’s stock after acquiring an additional 385,412 shares during the quarter. IMC Chicago LLC owned about 0.16% of Direxion Daily Semiconductors Bear 3x Shares worth $2,656,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lane Generational LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $6,309,000. IHT Wealth Management LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $7,441,000. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $3,970,000. Capital Advisors Inc. OK purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $1,551,000. Finally, JPMorgan Chase & Co. boosted 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 valued at $2,166,000 after buying an additional 272,129 shares during the period.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Direxion Daily Semiconductors Bear 3x Shares stock opened at $1.87 on Friday. The business has a 50-day simple moving average of $2.63 and a 200 day simple moving average of $4.48. Direxion Daily Semiconductors Bear 3x Shares has a 52 week low of $1.72 and a 52 week high of $53.43.

Direxion Daily Semiconductors Bear 3x Shares shares are going to reverse split on the morning of 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 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.