On July 30, Direxion Daily Semiconductors Bull 3x Shares rose 17.81% in regular trading, trading at $106.435/share, with turnover of $2.708 billion.

On the news front, the ETF had previously plunged from approximately $150 to around $87, accumulating a decline exceeding 40%, triggering intense technical repair demand from extreme oversold conditions. Samsung Electronics reported its semiconductor division Q2 profit surged over 250-fold, driven by robust AI chip demand, significantly boosting sector sentiment. Additionally, UMC delivered better-than-expected results and raised its capital expenditure budget to approximately $5 billion, while Bank of America flagged a medium-to-long term positioning window for the semiconductor sector, encouraging short-term capital to enter on dips.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a modified float-adjusted market capitalization-weighted index tracking 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.)