SOXS.MI is trading 5.2% down today at €0.49 as investors unwind short-term bearish positions following a period of intense volatility in the semiconductor sector.
- The leveraged bearish ETF experienced a sharp 23.6% jump on June 23, which was driven by heavy selling in global semiconductor names.
- Market analysts suggest today's price action reflects a correction of those gains rather than any fund-specific news or developments.