Stock Traders Purchase Large Volume of Call Options on Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading activity on Monday. Investors acquired 91,462 call options on the company. This is an increase of 25% compared to the average daily volume of 73,241 call options.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

SOXS opened at $4.27 on Tuesday. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $4.09 and a one year high of $53.43. The company’s 50 day simple moving average is $6.52 and its 200-day simple moving average is $12.58.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter valued at $130,000. Eastern Bank bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at about $61,000. PayPay Securities Corp increased its position in 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 bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $109,000. Finally, Vontobel Holding Ltd. bought a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $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.