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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw some unusual options trading on Monday. Investors purchased 91,462 call options on the company. This is an increase of 25% compared to the average volume of 73,241 call options.

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

A number of institutional investors have recently modified their holdings of SOXS. FNY Investment Advisers LLC bought a new stake in Direxion Daily Semiconductors Bear 3x Shares in the first quarter valued at about $130,000. XTX Topco Ltd acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 1st quarter valued at approximately $1,145,000. Jump Financial LLC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 7.3% during the first quarter. Jump Financial LLC now owns 192,109 shares of the company’s stock worth $5,569,000 after purchasing an additional 13,009 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 277.8% during the first quarter. BNP Paribas Financial Markets now owns 1,700,000 shares of the company’s stock worth $49,283,000 after purchasing an additional 1,250,000 shares during the last quarter. Finally, Howard Financial Services LTD. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the second quarter worth $245,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Up 6.6%

SOXS opened at $4.55 on Wednesday. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $4.09 and a 12-month high of $53.43. The firm’s fifty day moving average price is $6.47 and its 200 day moving average price is $12.52.

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.