On July 31, Direxion Daily Semiconductors Bull 3x Shares rose 5.39% in after-hours trading, trading at $121.08/share, with turnover of $195 million, extending the prior session's over 16% intraday rally.

On the news front, the ETF had previously plunged from approximately $150 to around $87, accumulating a decline of over 40%, triggering intense technical repair demand from extreme oversold conditions. Samsung Electronics' semiconductor division reported Q2 profit growth exceeding 250x, driven by robust AI chip demand, providing sustained positive sentiment for the broader chip sector. Additionally, UMC delivered better-than-expected results and raised capital expenditure guidance to approximately $5 billion, while Bank of America flagged a medium-to-long-term allocation window for the semiconductor sector. Multiple tailwinds converged to attract dip-buying capital, sustaining the recovery momentum into after-hours trading.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified, and its volatility is correspondingly amplified relative to the underlying index.

(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.)