On September 29, Direxion Daily Semiconductors Bull 3x Shares rose 5.02% in regular trading, trading at $149.815/share, with turnover of $22.52 billion.

On the news front, UBS Securities released its latest outlook, projecting global semiconductor revenue to reach $1.63 trillion, representing a 118% year-over-year increase, and forecasting the growth cycle to persist through at least 2028. AI computing chips, advanced packaging, and domestic equipment and materials substitution were identified as the core growth drivers. The bullish institutional forecast provided fresh momentum to the semiconductor sector.

The rebound also carries a technical dimension. After surging more than 22% in the prior week, the ETF pulled back over 5% on September 28 as profit-taking intensified and short-selling pressure mounted. The 3x leverage mechanism had amplified the prior session's decline, and the subsequent snapback reflects a typical pattern for high-leverage products following sharp selloffs.

The fund invests at least 80% of its net assets in financial instruments that provide 3x daily leveraged exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

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