Name of ETF: Direxion Daily Semiconductor Bull 3X Shares
Benchmark Index: PHLX Semiconductor Sector Index
Ticker Symbol: SOXL
Approximate Number of Stocks in this ETF: 30
Types of Stocks Included in this ETF: Large-sized companies in the semiconductor industry.
Examples of Publicly Traded Semiconductor Companies Include:
- Texas Instruments
- Micron Technology
Leveraged ETF: This ETF attempts to produce leveraged daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 3x (300%). This means the ETF is seeking results equal to 300% of the benchmark index performance.