Direxion Daily Semiconductor Bear 3X Shares is trading lower at $4.22, down 8.9% from its previous close of $4.63, as a recovery in the technology sector pressures inverse semiconductor ETFs.
- The decline follows a 17.2% surge on June 16, which was driven by significant weakness across semiconductor shares and the broader tech sector.
- Pre-market Nasdaq futures are up approximately 0.8%, signaling a rebound in growth and tech names that is reversing the previous day's gains for this leveraged bear fund.