SOXL

Brand Details

Type: Product

Description: Direxion Daily Semiconductor Bull 3X Shares ETF. This exchange-traded fund (ETF) is designed to provide leveraged exposure (3x) to the daily performance of a portfolio of the 30 largest US-listed semiconductor companies. This includes manufacturers and providers of services or equipment related to semiconductors. The fund uses a market-cap-weighted index, with caps on the weighting of the top five and remaining securities. It invests in swap agreements, securities of the index, and ETFs tracking the index to achieve its investment objective. Note that this is a highly leveraged investment, meaning its price can fluctuate significantly more than the underlying semiconductor market. Investing in SOXL carries substantial risk.

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