On October 8, Direxion Daily Semiconductors Bull 3x Shares fell 5.58% in regular trading, trading at $149.08/share, with Turnover of $13.49 billion.
The decline reflects a technical pullback in the triple-leveraged product after the fund accumulated substantial gains driven by expectations of agentic AI demand in the semiconductor sector. The triple-leverage mechanism amplified profit-taking pressure, leading to heightened volatility and a significant intraday retracement.
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
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