Direxion Daily Semiconductor Bear 3X Shares
(SOXS)
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29.69 USD -0.49
Closed: 17 May, 3:55 pm
Symbol SOXS
Market Cap 681.6M
Price 29.69
Open 28.72
52-wk High 181.10
50 Day Avg 34.68
Earnings Announcement 2024-05-18
Website
Name Direxion Daily Semiconductor Bear 3X Shares
Shares Outstanding 22,958,515
Change % 1.6433%
Low 28.53
52-wk Low 27.60
200 Day Avg 71.48
Last Dividend 0.76
Exchange AMEX
Volume 19,243,758
Previous Close 29.21
High 30.44
EPS 0.00
PE 0.00
Avg Volume 17,830,057
CUSIP
Direxion Daily Semiconductor Bear 3X Shares Outlook
Description The fund 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 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.
Currency USD
ISIN US25460G3368
Industry Asset Management - Leveraged
Changes 0.48
CUSIP
Range 27.60 - 181.10
Beta -4.66
CIK 0001424958

Direxion Daily Semiconductor Bear 3X Shares News

23-Apr-2024 3:36 PM

Top Performing Leveraged/Inverse ETFs: 04/21/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

23-Apr-2024 9:00 AM

5 Best Inverse-Leveraged ETFs of Last Week

Last week witnessed the largest collective loss for the "Magnificent Seven" technology-related stocks, with a total of $950 billion erased from their market capitalizations.

19-Mar-2024 3:08 PM

Top Performing Leveraged/Inverse ETFs: 03/17/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

26-Feb-2024 5:38 AM

SOXS: Resist The Temptation To Short Semiconductor Stocks With Inverse Levered ETFs

The Direxion Daily Semiconductor Bear 3X Shares ETF provides -300% exposure to the daily return of the NYSE Semiconductor Index. Even contrarian investors should avoid the SOXS ETF due to tracking error caused by positive convexity and volatility decay. Historically, the SOXS has underperformed during market crashes as those events are usually accompanied by volatility spikes, which lead to elevated volatility decay.

10-Jan-2024 4:51 PM

Top Performing Leveraged/Inverse ETFs: 01/07/2024

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

08-Jan-2024 9:01 AM

6 Best Inverse/Leveraged ETFs of Last Week

Last week, Wall Street snapped its nine-week win streak, marking the end of their longest consecutive weekly run in the green since 2004.

04-Jan-2024 12:02 PM

Inverse ETFs Soar at the Start of 2024

The U.S. stock market started to falter after a marvelous rally in 2023. This resulted in huge demand for inverse or inverse-leveraged ETFs.

21-Dec-2023 12:47 PM

10 Most Actively Traded ETFs of Q4

High-volume ETFs are more liquid, meaning they can be bought or sold easily without causing a significant price change.

26-Nov-2023 5:41 AM

SOXS: Don't Play With Fire No Matter How Bearish You Are

Shorting stocks/going long inverse funds is not a winning strategy over time. Direxion Daily Semiconductor Bear 3X Shares ETF offers investors the opportunity to profit from a downturn in semiconductor stocks. SOXS provides triple inverse leverage, but comes with significant risks and potential for significant losses.

12-Nov-2023 10:16 AM

Microsoft Earnings Beat: What's Next?

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

01-Nov-2023 9:00 AM

Don't Bet Against Progress

Shorting or hedging against companies driving innovation and growth in the US stock markets is not a viable long-term strategy. Historical trends suggest that bear markets are relatively short-lived, and positive trends in the market indicate potential long-term growth for large firms and disruptive innovators. ETFs that bet against innovation and growth are likely to underperform their benchmarks in the long term. It is better to invest in stocks of innovative firms and funds tracking major indexes.