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Direxion Daily Semiconductor Bull 3X Shares (SOXL)SOXL
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/03/2024: SOXL (4-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -7.96% | Upturn Advisory Performance  3 | Avg. Invested days: 26 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/03/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -7.96% | Avg. Invested days: 26 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/03/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 109424602 | Beta 4.63 |
52 Weeks Range 13.93 - 70.08 | Updated Date 09/19/2024 |
52 Weeks Range 13.93 - 70.08 | Updated Date 09/19/2024 |
AI Summarization
ETF Direxion Daily Semiconductor Bull 3X Shares (SOXL) Overview
Profile:
- Focus: Seeks daily returns 3 times the performance of the underlying Semiconductor Sector Index.
- Allocation: Invests in swaps and other instruments linked to the index.
- Strategy: Uses leverage to amplify returns (3x).
- Leveraged ETF: Aims to magnify daily returns, not long-term.
Objective:
- Achieve high daily returns by tracking the Semiconductor Sector Index with triple leverage.
Issuer:
- Company: Direxion Investments
- Reputation: Established issuer with a broad ETF offering.
- Reliability: Generally considered reliable, but past performance is not indicative of future results.
- Management: Experienced team with expertise in index tracking and leverage strategies.
Market Share:
- Holds a significant share of the leveraged semiconductor ETF market.
Total Net Assets:
- Approximately $1.14 billion USD (as of November 2023).
Moat:
- Leverage provides a unique differentiator for aggressive investors seeking magnified exposure.
- Access to a specific index niche (semiconductors) attracts investors with concentrated sector views.
Financial Performance:
- Historical performance varies based on market conditions and leverage.
- Outperformed the underlying index significantly during upswings.
- Experienced amplified losses during market downturns.
Benchmark Comparison:
- Frequently outperforms the Semiconductor Sector Index in bull markets.
- Underperforms in bear markets due to magnified losses.
Growth Trajectory:
- Future performance depends on the underlying index and market volatility.
- Semiconductor sector growth potential may benefit SOXL.
Liquidity:
- Average daily trading volume is high, facilitating easy buying and selling.
- Bid-ask spread is generally tight, providing good price execution.
Market Dynamics:
- Affected by semiconductor industry growth, technological advancements, and global economic conditions.
Competitors:
- YOLO - Invesco DB Semiconductor Sector Bullish 3X Fund
- GUSH - Direxion Daily Technology Bull 3X Shares
Expense Ratio:
- 1.05% per year, which includes management fees and other operational costs.
Investment Approach and Strategy:
- Tracks the Semiconductor Sector Index with triple leverage.
- Invests in swaps and other derivative instruments.
- Rebalances daily to maintain 3x exposure.
Key Points:
- High risk, high reward: Aims for magnified daily gains but amplifies losses.
- Short-term focus: Designed for short-term trading, not long-term buy-and-hold.
- Leveraged ETF: Magnifies market movements (both positive and negative).
Risks:
- Volatility: Amplified price fluctuations compared to the underlying index.
- Leverage risk: Magnified losses during market downturns.
- Market risk: Sensitive to semiconductor sector performance and broader market conditions.
Who Should Consider Investing:
- Aggressive investors seeking magnified short-term gains.
- Traders with a bullish outlook on the semiconductor sector.
- Investors willing to accept high volatility and potential for significant losses.
Fundamental Rating Based on AI (1-10):
7.5:
- Strengths: High liquidity, strong track record in bull markets, unique leverage proposition.
- Weaknesses: High volatility, magnified losses in bear markets, significant expense ratio.
- Future prospects: Dependent on the semiconductor sector and broader market conditions.
Resources and Disclaimers:
- Data sources: Direxion Investments website, Yahoo Finance, ETF.com
- Disclaimer: This information is for educational purposes only and does not constitute financial advice. Please consult with a professional financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Semiconductor Bull 3X Shares
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
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