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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading on Friday. Stock traders acquired 41,068 call options on the company. This is an increase of approximately 27% compared to the average volume of 32,267 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of NYSEARCA SOXS traded up $3.52 during mid-day trading on Friday, reaching $30.81. 66,523,650 shares of the company’s stock were exchanged, compared to its average volume of 32,073,898. The company’s 50-day moving average is $24.33 and its 200-day moving average is $29.35. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $17.73 and a 52-week high of $144.20.

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

A number of hedge funds have recently bought and sold shares of the stock. Scientech Research LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $228,000. Virtu Financial LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $3,605,000. Ground Swell Capital LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $483,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $60,000. Finally, Jane Street Group LLC grew its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 1,602.6% in the 1st quarter. Jane Street Group LLC now owns 1,449,350 shares of the company’s stock valued at $4,652,000 after buying an additional 1,364,222 shares during the last quarter.

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.