On August 18, Direxion Daily Semiconductors Bull 3x Shares declined 11.37% in regular trading, trading at $135.6774/share, with turnover of $2.039 billion. The leveraged ETF extended its pre-market losses as profit-taking intensified following the previous session's 5%+ rally driven by bullish semiconductor Q2 earnings.
On the news front, multiple headwinds converged on the semiconductor sector. 13F filings revealed significant institutional de-risking: UAE's Mubadala Investment Company fully exited its Broadcom position, while SoftBank slashed its TSMC holdings by 71.5%, sending bearish signals on high-valuation chip heavyweights. Meanwhile, Hong Kong-listed AI and semiconductor stocks sold off sharply, with large-model concept stocks Zhipu falling over 16% and MiniMax dropping more than 12%. Peer semiconductor names also declined broadly, with Micron down 4.33%, Intel down 3.51%, and NVIDIA down 1.97%.
The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the PHLX Semiconductor Sector Index, which tracks the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments