On July 31, Direxion Daily Semiconductors Bear 3x Shares fell 8.18% in after-hours trading, trading at $49.51/share, with turnover of approximately $84.04 million.
As a triple-inverse leveraged product, the sharp decline reflects sustained strength in the semiconductor sector. The U.S. semiconductor index surged 8% during the regular session, marking a violent rebound after multiple consecutive trading days of deep selling that had pushed chip stocks to their lowest levels in over two months. Heavyweight names including NVIDIA, AMD, and Micron Technology all posted significant gains, driving the ETF to extend losses after already falling over 18% during regular trading hours.
The fund invests at least 80% of net assets in financial instruments that, in combination, provide 3X daily inverse or short exposure to the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of 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.)