Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across information technology, semiconductors and semiconductor equipment sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -3x the daily performance of the PHLX Semiconductor Sector Index. Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares was formed on March 11, 2010 and is domiciled in the United States. The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the ICE Semiconductor Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified. Benchmark: ICE Semiconductor TR USD
how's soxs going react at the open you think 🤔? drop and pop higher? thanks Laura
lauralea
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leveraged x 3 meaning if semiconductors go down 1 dollar, this goes down 3 dollars and vice versa. These can be very profitable and can also be a huge bummer. IE..real estate short, SRS etc.. are possibly going to be profitable due to high interest rates.
lauralea
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leverages x 3 meaning if semiconductors go down 1 dollar, this goes down 3 dollars and vice versa
lauralea
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No..LOL. You would have to buy an awful lot of shares to make a .50 cent move be profitable! This will continue to go up past targets with pull backs a long the way. Since it is leveraged x 3, it is one a trader would move in and out of, taking profits a long the way. Hope that helps
mjstach1
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So...Lauralea...thank you and this is a great example of a trade Id not touch because how many contracts would one have to trade to make any money...would you give me an example of # of contracts someone might trade if a .50 cent move is big?