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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 162,485 call options on the stock. This represents an increase of approximately 59% compared to the typical volume of 102,091 call options.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Game Plan Financial Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $45,000. Nwam LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter worth $56,000. Eastern Bank bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $61,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth $75,000. Finally, Modern Wealth Management LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter valued at $83,000.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 13.2%

Shares of NYSEARCA:SOXS opened at $2.23 on Thursday. Direxion Daily Semiconductors Bear 3x Shares has a 12 month low of $1.72 and a 12 month high of $53.43. The firm’s 50-day moving average is $2.69 and its 200 day moving average is $4.54.

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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.