On July 13, Direxion Daily Technology Bull 3x fell 5.01% overnight, trading at $201.12/share, with turnover of $1.0358 million.

On the news front, a Goldman Sachs fund flow tracking report revealed that US hedge funds have net sold semiconductor and hardware technology names for four consecutive weeks. Capital has been withdrawing from high-volatility stocks as market participants grow increasingly divided over AI capital expenditure returns, keeping the chip sector under sustained pressure. The Philadelphia Semiconductor Index previously fell more than 4% in a single week, led lower by Intel, AMD, and Micron. As a triple-leveraged ETF, TECL amplifies downside moves in the underlying technology sector, resulting in a magnified decline.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the Technology Select Sector Index, including swap agreements, index securities, and ETFs tracking the index. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)