On August 18, Direxion Daily Technology Bull 3X Shares fell 5.44% in pre-market trading, trading at $207.7/share, with turnover of $849,500.

On the news front, Japan's Ministry of Economy, Trade and Industry officially implemented its third round of semiconductor export controls on August 16, covering 20 categories of high-end electronic specialty gases including lithography mixed gases, etching/deposition high-purity fluorides, and doping rare gases. All exports to China have been switched to case-by-case approval with review periods extended to 4-6 months. The restrictions directly impact supply chains for memory and logic chip manufacturing, with major semiconductor names declining sharply — Hua Hong Semiconductor down 4.65%, GigaDevice down 5.32%, and Montage Technology down 6.37% — as concerns over rising costs and extended delivery timelines weighed broadly on the technology sector.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a technology sector index, including swap agreements, index securities, and ETFs tracking the index. It is non-diversified.

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