Direxion Daily Semiconductor Bear 3X Shares is trading at $4.23 (-8.64%) as a rebound in semiconductor stocks pressures the leveraged inverse ETF.
- The decline follows a sharp 17.22% surge on June 16, signaling elevated volatility and a period of mean reversion.
- Broader equities are slightly firmer as the technology sector stabilizes following recent rotation and positioning ahead of Federal Reserve commentary.