Name of ETF: Direxion Daily Semiconductor Bear 3X Shares

Benchmark Index: PHLX Semiconductor Sector Index

Ticker Symbol: SOXS

Key Points:

  • This is a leveraged ETF that provides bearish, leveraged exposure to the U.S semiconductor market.
  • This ETF rises when the PHLX Semiconductor Sector Index is falling and falls when the index rises.
  • The ETF attempts to generate 300% (3x) the inverse returns of the PHLX Semiconductor Sector Index which contains some of the largest semiconductor companies in the United States.
  • Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.

Related Links:

Direxion Website