Direxion Daily Semiconductor Bear 3X Shares is trading 3.2% down today as chip stocks extend their rebound, pressuring the triple-leveraged inverse fund.
- The fund, which tracks the PHLX Semiconductor Sector Index, is facing headwinds from renewed strength in key chip names and a modestly risk-on market environment.
- Today's decline follows a sharp -24.35% drop on June 11, 2026, as the semiconductor sector continues to bounce back from recent weakness.
- Because the fund moves opposite to semiconductor names at triple leverage, the sector's recovery is amplifying losses for bearish positions.