Howard Financial Services LTD. Sells 37,000 Shares of Direxion Daily Semiconductors Bear 3x Shares $SOXS

Howard Financial Services LTD. decreased its position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,000 shares of the company’s stock after selling 37,000 shares during the period. 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 & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lane Generational LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $6,309,000. IHT Wealth Management LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth $7,441,000. SBI Securities Co. Ltd. grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 285.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 676,299 shares of the company’s stock worth $3,496,000 after buying an additional 500,969 shares during the last quarter. IMC Chicago LLC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 300.5% during the 3rd quarter. IMC Chicago LLC now owns 513,684 shares of the company’s stock worth $2,656,000 after buying an additional 385,412 shares during the last quarter. Finally, UBS Group AG increased its position in Direxion Daily Semiconductors Bear 3x Shares by 196.2% during the 3rd quarter. UBS Group AG now owns 361,438 shares of the company’s stock valued at $1,869,000 after buying an additional 239,419 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 3.8%

Shares of NYSEARCA:SOXS opened at $36.02 on Thursday. The business’s 50-day moving average is $38.21 and its 200 day moving average is $64.51. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $31.40 and a 1 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.