Investors Purchase Large Volume of Direxion Daily Semiconductors Bear 3x Shares Call Options (NYSEARCA:SOXS)

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

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

Several institutional investors have recently bought and sold shares of SOXS. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in 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 acquiring an additional 2,292,689 shares during the period. Virtu Financial LLC acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $6,178,000. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $4,679,000. HRT Financial LP purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $3,942,000. Finally, Lane Generational LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the third quarter worth about $6,309,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Down 5.5%

Shares of SOXS traded down $0.92 during mid-day trading on Thursday, reaching $15.88. The company had a trading volume of 148,766,654 shares, compared to its average volume of 47,634,770. The firm has a fifty day simple moving average of $34.09 and a 200-day simple moving average of $52.75. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $15.06 and a fifty-two week high of $435.00.

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. 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.