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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) was the target of unusually large options trading on Friday. Stock traders acquired 380,027 call options on the company. This represents an increase of approximately 123% compared to the typical daily volume of 170,270 call options.

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

Several large investors have recently added to or reduced their stakes in SOXS. Toronto Dominion Bank grew its stake in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after acquiring an additional 95,743 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $43,000. Nwam LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $56,000. Marex Group plc bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at approximately $63,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $81,000.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

NYSEARCA:SOXS opened at $4.51 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a twelve month low of $3.17 and a twelve month high of $169.80. The stock has a fifty day simple moving average of $7.27 and a 200-day simple moving average of $29.29.

Direxion Daily Semiconductors Bear 3x Shares shares are going to reverse split on the morning of Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 14th.

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.