Investors Add $3.8 Billion to Direxion ETF Despite Nearly 21% Drop

Investors directed about $3.8 billion into Direxion’s leveraged semiconductor ETF even as it sank nearly 21%, during a six-session sector slump that erased about $1 trillion in value. The Direxion Daily Semiconductor Bull 3X ETF, a $19 billion fund, offers three-times daily exposure to the semiconductor sector. The inflow pace put it on track for its largest weekly total on record. VanEck’s $72 billion semiconductor ETF attracted more than $430 million over its latest three trading sessions. That pace could make this its strongest week for inflows since early September.

Source: TokenPost