Semiconductor ETFs hit all-time highs as global chip shortage persists
The Direxion Daily Semiconductor 3x Bull Shares ETFhas hit an all-time high on Monday's trading session.The fund has also surged more than 23% over the past week and a half dating back to Aug 19, as the global semiconductor chip shortage continues to weigh on certain regions of the market, such as automobiles and smartphones.SOXL, a 3X leveraged fund that invests in derivatives and stocks in the semiconductors and semiconductor equipment sectors, is not the only chip ETF hitting an all-time high