36,000 Shares in Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA:SOXS) Purchased by Gateway Advisory LLC

Gateway Advisory LLC bought a new position in shares of Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA:SOXS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,000 shares of the company’s stock, valued at approximately $355,000.

A number of other hedge funds also recently added to or reduced their stakes in SOXS. Simplex Trading LLC grew its holdings in Direxion Daily Semiconductor Bear 3X Shares by 368.5% in the second quarter. Simplex Trading LLC now owns 165,716 shares of the company’s stock valued at $1,635,000 after purchasing an additional 130,344 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Direxion Daily Semiconductor Bear 3X Shares during the second quarter worth about $296,000. PayPay Securities Corp raised its position in Direxion Daily Semiconductor Bear 3X Shares by 809.4% during the second quarter. PayPay Securities Corp now owns 8,730 shares of the company’s stock worth $86,000 after acquiring an additional 7,770 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Semiconductor Bear 3X Shares in the second quarter valued at about $12,780,000. Finally, Ferguson Shapiro LLC acquired a new stake in shares of Direxion Daily Semiconductor Bear 3X Shares in the second quarter valued at approximately $1,620,000.

Direxion Daily Semiconductor Bear 3X Shares Trading Down 1.9 %

Shares of Direxion Daily Semiconductor Bear 3X Shares stock traded down $0.16 during trading on Friday, hitting $8.37. 53,398,457 shares of the company were exchanged, compared to its average volume of 54,049,840. Direxion Daily Semiconductor Bear 3X Shares has a fifty-two week low of $8.17 and a fifty-two week high of $44.14. The firm has a 50 day moving average price of $11.16 and a 200 day moving average price of $11.49.

Direxion Daily Semiconductor 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.