On September 28, Direxion Daily Semiconductors Bear 3x Shares rose 8.06% in regular trading, trading at $35.07/share, with turnover of $1.238 billion.

On the news front, renowned investor Michael Burry — widely known for his successful bet against the U.S. housing market — has publicly escalated his short positions targeting Micron, Palantir, and broader semiconductor ETFs, describing the scale of his bearish wager as considerable. As a triple-leveraged inverse product designed to deliver 300% of the opposite daily return of the ICE Semiconductor Index, Direxion Daily Semiconductors Bear 3x Shares amplifies gains when semiconductor stocks come under pressure.

Burry's high-profile bearish signal has compounded existing market concerns over a potential downturn in memory chip prices, intensifying selling pressure across the semiconductor sector and driving sustained strength in this inverse ETF throughout the session, extending gains first seen in pre-market trading.

The fund invests at least 80% of its net assets in financial instruments that, in combination, provide 3X daily inverse exposure to 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.)