Direxion Daily Semiconductors Bear 3x Shares Sees Unusually High Options Volume (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of some unusual options trading on Friday. Stock traders bought 150,776 call options on the company. This is an increase of approximately 68% compared to the average volume of 89,867 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

NYSEARCA:SOXS traded up $0.33 during trading hours on Friday, hitting $3.90. The company had a trading volume of 350,991,974 shares, compared to its average volume of 132,095,141. The stock has a 50-day moving average price of $4.99 and a 200 day moving average price of $8.62. Direxion Daily Semiconductors Bear 3x Shares has a 52 week low of $3.13 and a 52 week high of $53.43.

Institutional Investors Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several hedge funds have recently made changes to their positions in SOXS. Eastern Bank bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at $61,000. Game Plan Financial Advisors LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $45,000. PayPay Securities Corp boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% in the second quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares during the period. Tidal Investments LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at $109,000. Finally, Vontobel Holding Ltd. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth $114,000.

Direxion Daily Semiconductors Bear 3x Shares Company 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.