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SOXS

27.17000 USD
3.27
13.68%
Last update Mar 10, 3:59 PM EDT
Market closed
Day range
25.16000
28.25
Previous close
23.90000
Open
25.70000
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Direxion Daily Semiconductor Bear 3X Shares
27.17
3.27
13.68%

Overview

Description

Direxion Daily Semiconductor Bear 3X Shares is an exchange-traded fund (ETF) that provides investors with a means to benefit from the inverse movement of the semiconductor sector, specifically magnifying those movements by three times on a daily basis. The primary purpose of this ETF is to offer a hedging instrument for investors looking to capitalize on or protect against declines in the semiconductor industry, which encompasses businesses involved in the design and manufacture of semiconductor chips and other hardware. The ETF achieves its leveraged inverse exposure by utilizing financial derivatives such as futures contracts, options, and swaps. Given the rapid pace of technology development, the semiconductor sector is a critical component of the global market, impacting fields such as consumer electronics, automotive technology, and industrial machinery. The Direxion Daily Semiconductor Bear 3X Shares plays a significant role for traders and investors who seek short-term tactical opportunities rather than long-term investment strategies within the semiconductor sphere.

About

Address
Phone
866-476-7523
Website
Instrument type
ETF
Country
United States
MIC code
ARCX