SOXL, the Direxion daily 3x long semiconductor ETF, fell 20.5% on Thursday, according to an October 24 BlockBeats report. The non-leveraged iShares Semiconductor ETF (SOXX) lost 6.8% in the same session.
Record inflows preceded the decline
The report cited FactSet data showing that SOXL attracted a record $6.1 billion in inflows during the previous week. It ended the current week 10.8% lower, its third consecutive weekly decline.
SOXL uses derivatives to target three times the daily change in a semiconductor index. That daily leverage magnifies both gains and losses.
Source: BlockBeats, 2026-10-24 10:28:17 UTC.