“Ten new companies in the Semi space were added to the index while ten were deleted, in attempts to make the overall index more consistent with who is driving growth and innovation in various corners of these markets,” said Paul Weisbruch of Street One Financial earlier this week. [ETF Chart of the Day: Sweet for Semis]
“For example, as iShares noted, additions to the index include QCOM, ASML, MXIM, and FSL, which in retrospect, it’s quite hard to believe that some of these names, particularly QCOM was not added to the index eons ago,” he added.
SOXL is up nearly 6% in the past week and has annual fees of 0.95%.
Direxion Daily Semiconductor Bull 3X Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Intel.