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

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) saw unusually large options trading activity on Wednesday. Stock traders bought 162,485 call options on the company. This represents an increase of 59% compared to the average daily volume of 102,091 call options.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 13.2%

Direxion Daily Semiconductors Bear 3x Shares stock traded up $0.26 during mid-day trading on Wednesday, reaching $2.23. 1,067,070,917 shares of the company traded hands, compared to its average volume of 468,955,781. The firm’s fifty day moving average is $2.71 and its two-hundred day moving average is $4.55. Direxion Daily Semiconductors Bear 3x Shares has a fifty-two week low of $1.72 and a fifty-two week high of $53.43.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballew Advisors Inc increased its holdings in shares of Direxion Daily Semiconductors Bear 3x Shares by 2.3% in the third quarter. Ballew Advisors Inc now owns 123,016 shares of the company’s stock valued at $636,000 after purchasing an additional 2,766 shares during the period. PayPay Securities Corp boosted its position in Direxion Daily Semiconductors Bear 3x Shares by 53.9% in the third quarter. PayPay Securities Corp now owns 20,278 shares of the company’s stock valued at $105,000 after buying an additional 7,098 shares during the last quarter. Eastern Bank purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the second quarter valued at approximately $61,000. Game Plan Financial Advisors LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter worth approximately $45,000. Finally, Vontobel Holding Ltd. raised its position in Direxion Daily Semiconductors Bear 3x Shares by 78.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 25,900 shares of the company’s stock worth $134,000 after buying an additional 11,400 shares during 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.