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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of unusually large options trading on Friday. Stock traders acquired 41,068 call options on the company. This is an increase of 27% compared to the typical daily volume of 32,267 call options.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $60,000. IMC Chicago LLC boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 4.1% in the first quarter. IMC Chicago LLC now owns 130,299 shares of the company’s stock worth $418,000 after purchasing an additional 5,083 shares in the last quarter. Scientech Research LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the second quarter worth $228,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the first quarter valued at $36,000. Finally, Bank of Nova Scotia bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at about $81,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of SOXS stock opened at $30.83 on Friday. The firm has a fifty day moving average of $24.49 and a 200-day moving average of $29.26. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $17.73 and a 52-week high of $144.20.

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.