Tower Research Capital LLC TRC cut its position in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) by 76.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,384 shares of the company’s stock after selling 200,804 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.91% of Direxion Daily Semiconductors Bear 3x Shares worth $714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SOXS. SG Americas Securities LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at about $207,000. Verity Asset Management Inc. acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at about $159,000. ING Groep NV increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 42.4% in the second quarter. ING Groep NV now owns 47,000 shares of the company’s stock worth $538,000 after buying an additional 14,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth approximately $419,000.

NYSEARCA:SOXS traded down $0.76 during mid-day trading on Friday, reaching $12.42. The stock had a trading volume of 4,300,597 shares, compared to its average volume of 2,446,947. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $8.83 and a fifty-two week high of $19.30.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Wednesday, September 26th were issued a $0.0203 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.65%. This is an increase from Direxion Daily Semiconductors Bear 3x Shares’s previous quarterly dividend of $0.01.

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.

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Institutional Ownership by Quarter for Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

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