On October 9, Direxion Daily Semiconductors Bull 3x Shares rose 5.12% overnight, trading at $149.84, with turnover of $334 million. The leveraged product rebounded technically after two consecutive sessions of profit-taking-driven pullback, which saw intraday declines of 6.82% on October 7 and 5.58% on October 8 under the amplified volatility of the 3X leverage mechanism.

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that in combination provide 3X daily leveraged exposure to the PHLX Semiconductor Sector Index. The index is a rules-based, modified float-adjusted market capitalization-weighted index tracking the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

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