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Benzinga
Benzinga
Business
Melanie Schaffer

Bearish on The Semiconductor Sector? This Inverse ETF Offers 3X Leverage

ETF Semiconductor NYSE

Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS) gained ground in Thursday's session after gapping up to start Wednesday’s trading day and rallying 3% off the open.

The semiconductor sector recently suffered a downturn that lasted from June 6 to June 17, which caused SOXS to soar 82% higher during that time frame. On June 21, the sector began to rebound slightly, with caused SOXS to slide about 25% in consolidation.

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