Direxion Daily Semiconductors Bear 3x Shares $SOXS Shares Sold by Howard Financial Services LTD.

Howard Financial Services LTD. decreased its stake in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 52.9% during the fourth quarter, HoldingsChannel reports. The firm owned 33,000 shares of the company’s stock after selling 37,000 shares during the quarter. Howard Financial Services LTD.’s holdings in Direxion Daily Semiconductors Bear 3x Shares were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ballew Advisors Inc raised its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 2.3% in the third quarter. Ballew Advisors Inc now owns 123,016 shares of the company’s stock worth $636,000 after buying an additional 2,766 shares during the last quarter. PayPay Securities Corp grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 53.9% during the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after buying an additional 7,098 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at $45,000. Vontobel Holding Ltd. increased its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 78.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock valued at $134,000 after acquiring an additional 11,400 shares during the period. Finally, Tidal Investments LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth $109,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.8%

Shares of SOXS opened at $36.02 on Thursday. The stock has a 50-day moving average of $38.21 and a two-hundred day moving average of $64.51. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $31.40 and a one year high of $1,068.60.

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.