SOXS is trading 19.9% higher today as the leveraged inverse ETF benefits from a broad selloff in chip stocks and a wider tech-led risk-off sentiment.
- The move follows several weak sessions for the fund and coincides with a tech-led risk-off tone pressuring the Nasdaq Composite and semiconductor names.
- Demand for bearish leveraged exposure is rising as major chip stocks face significant selling pressure during the June 23 session.