On June 25, Direxion Daily Semiconductor Bear 3X Shares ETF (SOXS) fell 16.54% in regular trading, trading at $3.385/share, with turnover of $272 million.

The sharp decline reflects a broad semiconductor sector rebound following consecutive sessions of heavy selling. On the news front, major semiconductor stocks surged during the session, with Micron Technology up over 17%, Intel up over 6%, and AMD up over 4%, driving sector-wide recovery. The prior session on June 23 saw chipmakers collectively plunge — Marvell Technology fell over 9%, Qualcomm and ON Semiconductor dropped over 8% — which had propelled SOXS up approximately 23.83%. The current reversal represents a mean-reversion move as oversold conditions in the semiconductor space attracted buying interest.

As a triple-leveraged inverse ETF tracking the 30 largest U.S.-listed semiconductor companies, any rebound in the underlying index is magnified threefold in the negative direction for SOXS, explaining the outsized intraday loss.

(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.)