Direxion Daily Semiconductor Bull 3X Shares Price & Performance (SOXL)

A surge in options trading hit Direxion Daily Semiconductor Bull 3X Shares (SOXL) on Wednesday, with call option volume rising 18% above average to 289,317 contracts. The ETF opened at $10.29, well below its 200-day average, reflecting ongoing volatility and shifting sentiment in the semiconductor sector.12

SOXL exhibited technical strength, breaking above its 20-day moving average and posting a 10% gain in the last session. The ETF has shown signs of a short-term uptrend, though its long-term and intermediate trends remain down, highlighting the volatility and potential for sharp moves in leveraged semiconductor funds.23

Direxion’s Bull 3X (SOXL) and Bear 3X (SOXS) semiconductor ETFs reflect high volatility, with SOXL rebounding 25% in the last week and SOXS dropping over 11% in a single day. These leveraged funds continue to attract traders seeking amplified exposure to swings in the semiconductor market.45