What is the Direxion daily semiconductor Bull 3x shares (soxl)?

Leveraged ETFs, such as the Direxion Daily Semiconductor Bull 3x Shares (SOXL), seek to deliver some multiple of the daily return of an entire index — three times the return of the NYSE Semiconductor Index, in the case of the Direxion fund. Like single-stock ETFs, they are often used for speculative trading.

Where can I buy a Direxion ETF?

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

Should you invest in semiconductor ETFs?

If you don’t have the risk appetite for individual semiconductor stocks like NVIDIA, you can invest in semiconductor ETFs. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.