Direxion Semiconductor Bear 3× ETF Posts 599M Average Daily Volume
Direxion Daily Semiconductor Bear 3× Shares aims for −300% daily exposure to the NYSE Semiconductor Index with one-month average volume of 599 million and $1 billion in AUM. Its 0.97% expense ratio and daily reset feature make it suited for short-term semiconductor bearish trades.
1. Leverage and Strategy
Direxion Daily Semiconductor Bear 3× Shares is designed to deliver −300% of the NYSE Semiconductor Index’s daily performance, amplifying gains on index declines and magnifying losses when semiconductors rally. The fund resets its leverage daily, making it suitable for traders targeting short-term market downturns rather than long-term holds.
2. Liquidity and Expenses
SOXS trades with a one-month average volume of 599 million and holds $1 billion in assets under management, ensuring high liquidity for rapid trading. Investors face a 0.97% expense ratio, reflecting the cost of leveraged inverse exposure in exchange for potential outsized returns on down days.