Movement Alert｜iShares Philadelphia Semiconductor ETF Falls 5.1% in Regular Trading, Big Short Burry Shorts Sector as Fed Hawkish Signal Compounds Pressure

On July 2, iShares Philadelphia Semiconductor ETF declined 5.1% in regular trading, trading at $567.81/share, with turnover of $3.982 billion.

On the news front, renowned hedge fund manager Michael Burry publicly disclosed short positions targeting SOXX, NVIDIA, and Applied Materials, noting that the Philadelphia Semiconductor Index currently sits approximately 65% above its 200-day moving average — a level last seen during the 2000 dot-com bubble. The same day, Fed Chair Wosh reiterated that policy priority remains inflation suppression, with hawkish signals fueling expectations of further rate hikes and compressing semiconductor valuations.

The selloff follows the sector's record-breaking single-quarter rally, with SOXX surging approximately 94% in Q2. The sharp reversal triggered cascading declines across global semiconductor stocks, with China's semiconductor index plunging 7.85% and Hong Kong-listed chip names falling sharply in sympathy.

The fund generally invests at least 80% of its assets in the component securities of its index and in investments with substantially identical economic characteristics, and may invest up to 20% in certain futures, options, swap contracts, cash, and cash equivalents. 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.)