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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of some unusual options trading activity on Thursday. Traders bought 99,115 call options on the stock. This is an increase of 55% compared to the average daily volume of 64,038 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 6.5%

NYSEARCA SOXS opened at $15.70 on Friday. The company has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $52.49. Direxion Daily Semiconductors Bear 3x Shares has a one year low of $15.06 and a one year high of $435.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after purchasing an additional 2,292,689 shares during the period. Virtu Financial LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $6,178,000. Smithfield Trust Co acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $4,679,000. HRT Financial LP acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at about $3,942,000. Finally, Lane Generational LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at about $6,309,000.

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. 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.