On September 1, Direxion Daily Semiconductors Bull 3x Shares fell 5.92% in regular trading, trading at $106.485/share, with turnover of $894 million.

On the news front, a severe global bond selloff sent long-term yields surging to levels not seen in years, triggering broad-based selling in rate-sensitive semiconductor names. The U.S. 30-year Treasury yield climbed above 5.2%, its highest since 2007, while the 10-year yield approached 4.7%. Japan's 10-year government bond yield touched 3% for the first time since 1996. Meanwhile, escalating Middle East geopolitical tensions around the Strait of Hormuz pushed Brent crude above $92/barrel, intensifying inflation concerns and fueling expectations of further central bank tightening. The Philadelphia Semiconductor Index fell over 1.6%, with major names including Intel, NVIDIA, and AMD all declining. As a 3x leveraged product tracking the 30 largest U.S.-listed semiconductor companies, SOXL amplified the underlying index losses.

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to 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.

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