Direxion Daily S&P 500 Bear 3X Shares Price & Performance (SPXS)

The Direxion Daily Semiconductors Bear 3x Shares (SOXS) experienced a 5.8% drop during mid-day trading recently, closing at $25.26. Trading volumes fell significantly, down 81% from the average. This ETF, which inversely tracks the PHLX Semiconductor Sector Index, reflects broader challenges in the semiconductor market.12

The Magnificent Seven tech stocks, including Apple and Nvidia, have seen a 15% drop amid market turmoil. Broader indices like the Nasdaq Composite and Russell 2000 also fell over 10%. This downturn underscores uncertainty in the tech sector, with bearish ETFs like SOXS gaining attention.34

Leveraged and inverse ETFs, like Direxion Daily Semiconductor Bear 3x Shares (SOXS), are gaining traction as short-term trading tools. These funds, designed for daily resets, highlight risks for long-term holders. Recent market downturns have amplified interest in these products among active traders.25