SOXS.L is trading at $0.47 (-22.1%) as semiconductor stocks rebounded following a two-day selloff, reducing demand for the inverse, leveraged fund.
- The fund, which is designed to move opposite the semiconductor sector, saw a decline as gains in chip shares and improved risk appetite weighed on bearish positions.
- The move reflects a broader reversal in technology sentiment after the June 23 rout, as investors rotated back into growth names and Nvidia-linked chip stocks stabilized.