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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 129,041 call options on the stock. This is an increase of 53% compared to the typical volume of 84,310 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 7.1%

Direxion Daily Semiconductors Bear 3x Shares stock opened at $4.20 on Thursday. The company has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $10.72. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $3.77 and a 12-month high of $53.43.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eastern Bank acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth $61,000. PayPay Securities Corp increased its stake 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 valued at $104,000 after purchasing an additional 11,570 shares during the period. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at $109,000. Vontobel Holding Ltd. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at $114,000. Finally, Headlands Technologies LLC increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after purchasing an additional 17,744 shares during the period.

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.