SOXS trading volume surging! Ready to short Semiconductor Industry?
SOXS trading volume surging! Ready to short Semiconductor Industry?
SOXS ranked third in US stock trading volume on Wednesday, closing up 2.86%.
On the previous trading day, SOXS's trading volume also ranked third.
Data of March 19th, Tiger Trade
Data of March 18th, Tiger Trade
According to observation,
The trading volume of $Semiconductors Bear 3X Shares(SOXS)$ reached a record high on March 7. On that day, the price also hit the bottom first and then rose.
So far, SOXS has been rising for 2 consecutive weeks.
Is it time that the short selling in the semiconductor industry begin to be arranged recently?
The SOXS ETF inversely tracks the performance of the PHLX Semiconductor Index, ranked fifth on the list of levered/ inverse ETFs with 12.8% returns in the last week. The semiconductor sector fell ~0.2% along with the broader decline in the market around fading optimism for aggressive rate cuts.
How does other AI and Semiconductors stocks trend goes? $NVIDIA Corp(NVDA)$ $Advanced Micro Devices(AMD)$ $SUPER MICRO COMPUTER INC(SMCI)$ $MicroStrategy(MSTR)$
Recommend to read the AI stocks are in divergence (by options IV)
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