Direxion Daily Semiconductor Bear 3X Shares is trading 9.3% down today as a return in risk appetite and surging Nasdaq futures pressure the inverse ETF.
- The decline is driven by a rebound in the PHLX Semiconductor Sector Index, with notable strength in major chip names including Intel, Lam Research, and Applied Materials.
- As a triple-leveraged inverse fund, the ETF faces significant downward pressure when the underlying semiconductor sector and broader growth stocks experience broad-based gains.