On October 7, Direxion Daily Semiconductors Bull 3x Shares fell 6.82% in regular trading, trading at $155.0041/share, with Turnover of $13.57 billion.
The leveraged semiconductor ETF is experiencing a technical pullback after a sustained rally fueled by expectations for agentic AI demand. The three-times leverage mechanism amplified profit-taking pressure as market sentiment turned cautious following consecutive gains. Earlier in the session, the ETF was down 5.13% in pre-market trading amid broad-based softness in semiconductor names including NVIDIA, Micron Technology, and Marvell Technology.
The fund seeks daily investment results corresponding to three times the daily performance of the PHLX Semiconductor Sector Index, holding at least 80% of net assets in financial instruments that provide leveraged exposure to the thirty largest U.S.-listed semiconductor companies.
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