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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading activity on Friday. Stock investors acquired 305,333 call options on the stock. This is an increase of approximately 111% compared to the average volume of 144,817 call options.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of SOXS opened at $3.59 on Friday. The stock’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $33.30. Direxion Daily Semiconductors Bear 3x Shares has a 12 month low of $3.45 and a 12 month high of $199.40.

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

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth about $43,000. Tidal Investments LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the 2nd quarter worth approximately $109,000. Modern Wealth Management LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the third quarter worth approximately $83,000. Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 62.9% in the fourth quarter. Vontobel Holding Ltd. now owns 42,200 shares of the company’s stock worth $132,000 after acquiring an additional 16,300 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 7,921.4% in the second quarter. Headlands Technologies LLC now owns 17,968 shares of the company’s stock valued at $142,000 after acquiring an additional 17,744 shares during the period.

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.