SOXL Up 433% This Year But Stalls as Chip Stocks Drop
Direxion Daily Semiconductor Bull 3X Shares dropped 14.6% to $224.36 Friday morning, snapping a strong run for the leveraged chip ETF this year. The unleveraged funds also moved lower—iShares Semiconductor ETF slid 4.9%, VanEck Semiconductor ETF gave up 4.6%. The bearish 3x Direxion Semiconductor ETF gained about 14.8%.