On July 21, Direxion Daily Technology Bull 3x rose 6.69% in regular trading, trading at 189.7 USD/share, with turnover of $14.94 million. The rally follows a sharp selloff earlier when the ETF dropped over 8% due to South Korea tightening leveraged ETF regulations and a storage chip sell-off.

On the news front, multiple bullish catalysts converged to drive a broad recovery in semiconductor sentiment. Research firm Omdia significantly raised its China semiconductor market full-year growth forecast to 92.9%, projecting a market size of $812.08 billion. SEMI forecast global semiconductor equipment sales reaching $165.9 billion, up 23.2% year-over-year, marking five consecutive years of expansion. TSMC raised its full-year capital expenditure guidance to $60–64 billion, while ASML reported Q2 results that beat expectations across the board and raised its full-year outlook. As a 3x leveraged ETF, the fund amplifies gains from the underlying technology sector recovery.

The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to a technology sector index, including swap agreements, index securities, and ETFs. It 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.)