Direxion Daily Semiconductors Bull 3x Shares Target of Unusually High Options Trading (NYSEARCA:SOXL)

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXLGet Rating) was the recipient of some unusual options trading on Wednesday. Traders bought 154,132 call options on the company. This represents an increase of 37% compared to the average daily volume of 112,151 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SOXL. Traynor Capital Management Inc. lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 111.8% in the second quarter. Traynor Capital Management Inc. now owns 554,900 shares of the company’s stock worth $7,269,000 after buying an additional 292,854 shares during the last quarter. IMC Chicago LLC lifted its position in Direxion Daily Semiconductors Bull 3x Shares by 81.3% in the second quarter. IMC Chicago LLC now owns 359,682 shares of the company’s stock worth $4,712,000 after buying an additional 161,346 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $4,186,000. Thames Capital Management LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth $11,820,000. Finally, JPMorgan Chase & Co. bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $3,009,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Down 7.8 %

NYSEARCA SOXL opened at $10.51 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $10.25 and a one year high of $74.21. The stock has a 50 day moving average price of $16.66 and a 200-day moving average price of $21.76.

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