Direxion’s 3X Semiconductor ETF Could Set a Weekly Inflow Record

Investors sent about $3.8 billion into the Direxion Daily Semiconductor Bull 3X ETF as it fell nearly 21%, a weekly total that could become the fund’s largest weekly inflow on record. The $19 billion fund provides three-times daily exposure to the semiconductor sector. The inflow total could set a record if it holds. The $72 billion VanEck Semiconductor ETF drew more than $430 million over three trading sessions, putting it on pace for its largest weekly inflow since early September. The Philadelphia Semiconductor Index dropped 12% over six trading sessions, while chip stocks lost about $1 trillion in market value.

Source: TokenPost