On July 31, Direxion Daily Semiconductors Bear 3x Shares fell 8.25% in pre-market trading, trading at $48.75/share, with turnover of $61.13 million.

As a triple-leveraged inverse product, its sharp decline reflects the semiconductor sector extending a strong rebound. The U.S. semiconductor index surged 8% on the day, as the sector experienced a concentrated release of oversold recovery momentum following consecutive trading sessions of deep selling that pushed the Philadelphia Semiconductor Index down over 20% from its highs into a technical bear market. NVIDIA, AMD, Micron Technology, and other heavyweight stocks broadly rallied, driving this inverse leveraged ETF lower after already plunging over 18% in the prior regular session.

The fund invests at least 80% of its net assets in financial instruments that, in combination, provide 3X daily inverse or short exposure to an 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.)