Direxion Daily Semiconductor Bear 3X Shares is trading 13.1% down today as a powerful rebound in chip stocks and broad risk-on sentiment pressure inverse semiconductor products.
- A tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz are driving oil prices lower, significantly easing global inflation fears.
- The resulting boost in growth and AI-related technology shares has pushed the underlying semiconductor index sharply higher, mechanically dragging the leveraged bear ETF lower.