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home / news releases / SOXX - SOXL: After Doubling Semi Bulls Should Consider Adjusting Their Leverage

SOXX - SOXL: After Doubling Semi Bulls Should Consider Adjusting Their Leverage

iShares PHLX SOX Semiconductor Sector Index Fund

2024-06-18 23:50:00 ET

Summary

  • Leveraged semiconductor ETF SOXL has seen significant gains due to the AI trend.
  • Leveraged ETFs like SOXL can erode in value over time due to beta slippage, as warned by the SEC.
  • Investors bullish on AI/semiconductors have alternatives to maintain exposure while avoiding the risks of leveraged ETFs.

Leveraged ETFs can offer thrilling rides when markets are trending in favour of the underlying holdings. Unsurprisingly, this has made Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) a huge winner recently, as Artificial Intelligence ((AI)) has become the name of the game. It seems like every day another Wall Street analyst issues a new report on the future and projected winners in AI, and those don't tend to be the days for betting in the opposite direction....

For further details see:

SOXL: After Doubling, Semi Bulls Should Consider Adjusting Their Leverage
Stock Information
Company Name: iShares PHLX SOX Semiconductor Sector Index Fund
Stock Symbol: SOXX
Market: NASDAQ
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