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


Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS – Get Rating) was the recipient of unusually heavy options trading on Tuesday. Equity investors bought 5,411 call options on the company. This represents an increase of approximately 51% over the average volume of 3,588 call options.

Direxion Daily Semiconductors backs 3x shares up 13.8%

NYSEARCA SOXS opened at $42.54 on Wednesday. The stock’s 50-day moving average is $52.61 and its 200-day moving average is $42.97. Direxion Daily Semiconductors Bear 3x Shares has a 1-year low of $31.20 and a 1-year high of $80.31.

Institutional investors weigh in on Direxion Daily Semiconductors Bear 3x Shares

Hedge funds have recently changed their stakes in the company. Virtu Financial LLC raised its position in Direxion Daily Semiconductors Bear 3x Shares by 375.8% in Q4. Virtu Financial LLC now owns 781,967 shares of the company valued at $2,674,000 after purchasing an additional 617,607 shares in the last quarter. Trivest Advisors Ltd increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 40.0% in the fourth quarter. Trivest Advisors Ltd now owns 350,000 shares in the company valued at $1,197,000 after buying an additional 100,000 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Direxion Daily Semiconductors Bear 3x Shares by 195.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 126,526 shares in the company valued at $433,000 after buying an additional 83,755 shares last quarter. Goldman Sachs Group Inc. bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the first quarter, valued at around $2,185,000. Finally, WMS Partners LLC bought a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter, valued at around $137,000.

About Direxion Daily Semiconductors Bear 3x Shares

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Direxion Daily Semiconductor Bear 3x stocks seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index. The Semiconductor Index measures the performance of the semiconductor sub-sector of the US stock market.

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