On July 31, Direxion Daily Semiconductors Bear 3x Shares fell 12.22% in regular trading, trading at $45.36/share, with turnover of $841 million.

As a triple-leveraged inverse product, its steep decline reflects the semiconductor sector extending a strong rebound. The U.S. semiconductor index surged 8% on the day, as the sector had previously experienced consecutive sessions of deep selloffs, with the Philadelphia Semiconductor Index retreating more than 20% from its highs into a technical bear market. Oversold recovery momentum was released in a concentrated fashion, with heavyweight stocks including NVIDIA, AMD, and Micron Technology rallying broadly. This pushed the inverse leveraged ETF to accelerate lower following an over 18% intraday decline in the prior session.

(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.)

The fund invests at least 80% of net assets in financial instruments that, in combination, provide 3X daily inverse exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.