Direxion 3X Semiconductor Bull ETF Flips From $2.3B Outflow to $1.09B Inflow
SOXL•The Direxion Daily Semiconductor Bull 3X ETF suffered a $2.3B outflow in late May before reversing with a $1.09B inflow on June 10. The fund tracks triple the daily returns of the ICE Semiconductor Index but faces volatility decay that can erode gains in choppy markets.
1. Late May Outflows and June Inflows
The fund experienced a record $2.3 billion outflow in the week ending late May as traders booked profits after the semiconductor rally, then attracted $1.09 billion in new money on June 10, marking one of the largest single-day reversals among sector ETFs in 2026.
2. Leveraged Structure and Volatility Decay
As a triple-leveraged instrument, the ETF delivers 3× the daily performance of the ICE Semiconductor Index but is subject to daily rebalancing and volatility decay, which can erode returns in choppy markets even if the underlying index remains flat.
