SOXL

Direxion Daily Semiconductor Bull 3X Shares

$38.86

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

SOXL seeks to provide daily investment results that are 300% of the performance of the PHLX Semiconductor Sector Index. This index tracks the performance of companies engaged in the semiconductor business.

Overview

ETF tracking Direxion Daily Semiconductor Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2010-03-11

Market Cap $14.3B

Average Volume N/A

Dividend Yield 0.57%

52-Week Range $8.25 - $49.38

VWAP $38.53

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

SOXL uses financial instruments, such as derivatives, to seek its daily leveraged investment objective. The fund does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides 3x daily leveraged exposure to the semiconductor sector
Utilizes derivatives to achieve its daily leveraged performance target
Resets exposure daily, which can lead to compounding effects over longer holding periods
Has a high expense ratio compared to non-leveraged semiconductor ETFs

⚠️ Primary Risks

Significant daily volatility and potential for large losses over holding periods longer than one day
Risks associated with the use of derivatives, including counterparty risk
Sector concentration risk as the fund is focused solely on the semiconductor industry
Not suitable for long-term buy-and-hold investors due to the daily resetting of exposure

👤 Best For

SOXL is best suited for experienced, risk-tolerant traders who seek to make short-term, speculative bets on the semiconductor sector. It is not recommended for long-term investors or those with a low risk tolerance.