Direxion Daily Semiconductors Bear 3x Shares Target of Unusually High Options Trading (NYSEARCA:SOXS)

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

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

A number of institutional investors have recently bought and sold shares of SOXS. Toronto Dominion Bank increased its position in Direxion Daily Semiconductors Bear 3x Shares by 114.0% during the fourth quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after purchasing an additional 95,743 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $43,000. Nwam LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $56,000. Marex Group plc purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $63,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $81,000.

Direxion Daily Semiconductors Bear 3x Shares Price Performance

Shares of NYSEARCA:SOXS opened at $4.51 on Friday. The stock’s 50-day moving average price is $7.27 and its two-hundred day moving average price is $29.29. Direxion Daily Semiconductors Bear 3x Shares has a 12-month low of $3.17 and a 12-month high of $169.80.

Direxion Daily Semiconductors Bear 3x Shares’s stock is scheduled 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 market closes on Tuesday, July 14th.

About Direxion Daily Semiconductors Bear 3x Shares

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.