On September 28, Direxion Daily Semiconductors Bear 3x Shares rose 8.17% in pre-market trading, trading at $35.09/share, with turnover of approximately $71.92 million.

On the news front, famed investor Michael Burry publicly escalated his short positions against Micron, Palantir, and broader semiconductor ETFs, stating his bearish bets are of a considerable scale. As a triple-leveraged inverse product, SOXS amplifies gains when the semiconductor sector comes under pressure. Burry's high-profile bearish signal, combined with mounting market concerns over declining memory chip prices, fueled strong pre-market demand for the inverse fund.

Direxion Daily Semiconductors Bear 3x Shares invests at least 80% of its net assets in financial instruments that, in combination, provide 3x daily inverse exposure to the ICE Semiconductor Index, a rules-based, modified float-adjusted market-capitalization-weighted index tracking the thirty largest U.S.-listed semiconductor companies. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)