(SOXL) Direxion Daily - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 13.528m USD | Total Return: 713.8% in 12m
TER: 0.76%
Avg Turnover: 5.59B USD
Peers RS (IBD): 99.3
Warnings
Volatile
Tailwinds
No distinct edge detected
SOXL is an exchange-traded fund (ETF) designed to deliver 3x leveraged daily returns of the ICE Semiconductor Index. This index comprises the 30 largest U.S.-listed semiconductor companies, a sector critical for global technology infrastructure.
The fund achieves its objective by investing at least 80% of its net assets in financial instruments, including swap agreements, securities of the index, and other ETFs tracking the same index. Semiconductor companies operate in a highly cyclical industry characterized by significant research and development investments and rapid technological advancements.
SOXL is classified as non-diversified, meaning it concentrates its investments within a specific sector rather than across various industries. Investors should consider ValueRay for a deeper dive into the specific holdings and performance of such specialized ETFs.
- Semiconductor industry growth drives index performance
- Daily leverage amplifies market movements
- Interest rate hikes impact tech sector valuation
- Geopolitical tensions disrupt chip supply chains
Over the past week, the price has changed by +27.35%, over one month by +60.10%, over three months by +48.00% and over the past year by +713.75%.
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