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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of unusually large options trading activity on Friday. Traders acquired 149,911 call options on the stock. This is an increase of approximately 54% compared to the typical volume of 97,105 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 2.8%

Shares of NYSEARCA SOXS opened at $4.59 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 1 year low of $3.13 and a 1 year high of $53.43. The stock has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $7.36.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently modified their holdings of SOXS. Eastern Bank acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth about $61,000. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $45,000. PayPay Securities Corp boosted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the 2nd 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 in the last quarter. Tidal Investments LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $109,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter worth approximately $114,000.

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.