Direxion Daily Semiconductors Bear 3x Shares Sees Unusually High Options Volume (NYSEARCA:SOXS)

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the recipient of some unusual options trading on Friday. Traders purchased 150,776 call options on the company. This is an increase of approximately 68% compared to the typical daily volume of 89,867 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Game Plan Financial Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 3rd quarter valued at $45,000. Eastern Bank acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 2nd quarter valued at approximately $61,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth $75,000. PayPay Securities Corp raised its position in Direxion Daily Semiconductors Bear 3x Shares by 718.6% during the 2nd quarter. PayPay Securities Corp now owns 13,180 shares of the company’s stock worth $104,000 after purchasing an additional 11,570 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth about $109,000.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 9.1%

Direxion Daily Semiconductors Bear 3x Shares stock traded up $0.33 during mid-day trading on Friday, hitting $3.90. 350,991,974 shares of the company’s stock were exchanged, compared to its average volume of 132,095,141. The stock has a 50 day moving average of $4.99 and a two-hundred day moving average of $8.62. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $3.13 and a 1-year high of $53.43.

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.