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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading on Thursday. Stock investors purchased 52,807 call options on the stock. This is an increase of approximately 84% compared to the typical daily volume of 28,760 call options.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

NYSEARCA SOXS opened at $33.24 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $17.73 and a 52-week high of $144.20. The business’s 50-day moving average price is $23.39 and its 200 day moving average price is $33.28.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter valued at approximately $60,000. IMC Chicago LLC lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 4.1% during the 1st quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock valued at $418,000 after acquiring an additional 5,083 shares during the period. PayPay Securities Corp lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 111.1% during the 4th quarter. PayPay Securities Corp now owns 18,687 shares of the company’s stock valued at $109,000 after acquiring an additional 9,833 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at approximately $36,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at approximately $81,000.

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.