SOXS.L is trading 6.6% up today as traders take profits after a sharp rebound in chip stocks and reassess sector momentum following Micron’s earnings-driven surge.
- The product delivers -4x inverse exposure to the NYSE Semiconductor index, meaning any cooling or consolidation in leading semiconductor names lifts this leveraged bearish ETP.
- Broader tech weakness in futures is providing additional tailwinds for the instrument as the recent sector rally shows signs of pausing.