SOXS

Direxion Daily Semiconductor Bear 3X Shares

$3.86

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

SOXS seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the PHLX Semiconductor Sector Index.

Overview

ETF tracking Direxion Daily Semiconductor Bear 3X Shares

Category Leveraged

Issuer Other

Inception Date 2010-03-11

Market Cap $1.1B

Average Volume N/A

Dividend Yield 15.52%

52-Week Range $3.23 - $47.02

VWAP $3.89

Performance

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Investment Summary

📎 Investment Objective

SOXS seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the PHLX Semiconductor Sector Index.

🎯 Investment Strategy

SOXS uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired leveraged inverse exposure to the semiconductor sector. The fund rebalances its portfolio on a daily basis to maintain the target -3x leverage.

✨ Key Features

Provides -3x daily leveraged exposure to the semiconductor sector
Designed for short-term, speculative trading rather than long-term investment
Rebalances daily to maintain target leverage, which can lead to compounding effects
Has very low assets under management and may have reduced liquidity

⚠️ Primary Risks

Significant daily volatility and risk of losses due to the leveraged nature of the fund
Potential for outsized losses if the underlying index moves against the fund's position
Compounding effects can magnify losses over longer holding periods
Low trading volume and assets under management may impact liquidity

👤 Best For

SOXS is intended for experienced, risk-tolerant investors who seek short-term, speculative exposure to the semiconductor sector and understand the risks of leveraged ETFs. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.