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Benzinga
Benzinga
Business
Melanie Schaffer

Bearish On Advanced Micro Devices, Semiconductor Stocks? This Bear ETF Is Showing Signs Of Strength

Advanced Micro Devices ETF Semiconductor NYSE AMD

Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS) was trading up over 5% on Monday, rebounding from a bearish day on Friday, which dropped the ETF over 11%.

The semiconductor sector has recently reversed into a slight uptrend, with Advanced Micro Devices, Inc (NASDAQ:AMD) and Nvidia Corporation (NASDAQ:NVDA) trading higher since Oct. 13.

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