Why Direxion Daily Semiconductor Bull 3X ETF Jumped Today
Some of SOXL's favorite semiconductor stocks are very popular this morning.
Overview
The Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEMKT: SOXL) has got its momentum back -- at least for now.
This ETF, which aims to take the performance of semiconductor stocks as a whole and multiply that performance -- up or down -- by 3x every trading day, soared 16.1% through 11:05 a.m. ET today. Over the past four trading days, it's up a staggering 46%.
Details
But why?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.