Name of ETF: Direxion Daily Semiconductor Bear 3X Shares
Benchmark Index: PHLX Semiconductor Sector Index
Ticker Symbol: SOXS
- 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.