SPXS is trading 4% up now at $27.17 as investors rotate defensively amid broad weakness in large-cap U.S. equities.
- The move reflects a shift toward risk-off sentiment, with the S&P 500 and Nasdaq indices facing significant downward pressure.
- Selling in tech, AI, and semiconductor names is driving demand for this 3x inverse S&P 500 ETF as a bearish hedge.