Direxion Daily Semiconductor Bear 3X Shares (SOXS)
|Ex-Dividend Date||Mar 24, 2020|
|Day's Range||5.93 - 6.22|
|Inception Date||Mar 11, 2010|
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors. The fund is non-diversified.
|Mar 24, 2020||$0.05346||Mar 31, 2020|
|Dec 23, 2019||$0.06386||Dec 31, 2019|
|Sep 24, 2019||$0.25519||Oct 1, 2019|
|Mar 19, 2019||$0.0166||Mar 26, 2019|
|Dec 27, 2018||$0.05884||Jan 4, 2019|
|Sep 25, 2018||$0.0203||Oct 2, 2018|
The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index.
Wall Street has stumbled on rising inflationary pressures with all the three major indices sliding deep in red this week.
Not many goods are hotter than semiconductors at the moment, which is welcome news for the Direxion Daily Semiconductor Bull 3X ETF (SOXL). SOXL seeks daily investment results equal to 300% of the daily...
Direxion's weekly ETF fund flows could shed light on what traders are thinking. The top three point to interest in long-term bond prices, biotech strength, and semiconductor weakness.
The Nasdaq slumped to the correction territory (down 10% from the peak) in just three days, representing its quickest plunge ever from a record close.
The rapidly spreading coronavirus has made investors jittery this week, sending the global market into a tailspin. This has resulted in strong demand for inverse or inverse leveraged ETFs.
Today could be a rough one for Apple (NASDAQ: AAPL). Late Monday, the iPhone maker withdrew guidance for the current quarter, citing issues related to COVID-19, the new coronavirus from China.
In a speech before the United Nations (UN) Tuesday, President Trump reignited trade fears with some aggressive comments aimed at China.
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We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.