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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of some unusual options trading on Friday. Stock traders acquired 138,892 call options on the stock. This is an increase of 280% compared to the average daily volume of 36,521 call options.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of NYSEARCA SOXS opened at $10.17 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 52 week low of $9.09 and a 52 week high of $53.43. The company’s 50-day moving average price is $16.89 and its 200 day moving average price is $20.82.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Several institutional investors have recently added to or reduced their stakes in SOXS. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at about $37,000. PayPay Securities Corp bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter worth about $65,000. FNY Investment Advisers LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 1st quarter worth approximately $130,000. Corient Private Wealth LLC acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $573,000. Finally, Vontobel Holding Ltd. grew its position in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock worth $639,000 after purchasing an additional 6,095 shares during the last quarter.

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.