PCG Wealth Advisors LLC Invests $55,000 in Direxion Daily Semiconductors Bear 3x Shares $SOXS

PCG Wealth Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 16,899 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors have also made changes to their positions in SOXS. Tower Research Capital LLC TRC lifted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after purchasing an additional 2,292,689 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $6,178,000. Smithfield Trust Co acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $4,679,000. HRT Financial LP acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at $3,942,000. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $3,126,000.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS opened at $44.08 on Wednesday. The company’s 50-day moving average is $47.43 and its 200-day moving average is $149.03. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $31.70 and a fifty-two week high of $1,398.00.

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.