Direxion Daily Semiconductors Bear 3x Shares Target of Unusually Large Options Trading (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading activity on Friday. Investors acquired 42,196 call options on the stock. This represents an increase of approximately 53% compared to the average volume of 27,646 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of NYSEARCA SOXS opened at $17.03 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $16.35 and a 12-month high of $53.43. The firm’s 50-day moving average price is $25.94 and its 200-day moving average price is $22.73.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $37,000. PayPay Securities Corp bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth about $65,000. FNY Investment Advisers LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the first quarter valued at approximately $130,000. Vontobel Holding Ltd. grew its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the fourth quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after buying an additional 6,095 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $573,000.

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.