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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw some unusual options trading activity on Friday. Stock investors bought 622,746 call options on the stock. This represents an increase of 440% compared to the average daily volume of 115,366 call options.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of NYSEARCA:SOXS opened at $6.84 on Friday. The firm has a 50 day moving average of $17.17 and a 200-day moving average of $38.62. Direxion Daily Semiconductors Bear 3x Shares has a 12 month low of $4.82 and a 12 month high of $216.40.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after purchasing an additional 2,292,689 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $6,178,000. Smithfield Trust Co acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $4,679,000. HRT Financial LP acquired a new stake in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $3,942,000. Finally, UBS Group AG boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 217.8% in the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock valued at $3,595,000 after buying an additional 787,062 shares in 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. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.