Direxion Daily Semiconductor Bull 3X ETF SOXL

Direxion Daily Semiconductors Bull 3x Shares ETF tracks the performance of the 30 largest US-listed semiconductor companies. Managed by Direxion, this ETF was established in 2010.

The Direxion Daily Semiconductors Bull 3x Shares ETF fund’s primary goal is to provide daily investment results of 300% of the investment performance of the ICE Semiconductor Index. This index is weighted by market capitalisation and includes large US-listed companies in the semiconductor sector. Generally, the fund invests at least 80% of its total assets in financial instruments, such as swap agreements and securities of the index that provide daily leveraged exposure to the index. The base currency of this fund is USD.

Listed on the NYSE Arca, stock for the Direxion Daily Semiconductors Bull 3x Shares ETF is listed under the ticker SOXL. As of 11 April 2022, this ETF had total net assets of $5.3bn. This fund includes investments in the semiconductor and semiconductor equipment sectors. This fund is considered to be non-diversified. As of 31 December 2021, some of the fund’s top holdings included Broadcom Limited, Qualcomm, Nvidia, Intel, Advanced Micro Devices, Marvell Technology, Micron Technology, Applied Material, LAM Research and KLA Corporation.

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