Traders looking to make bearish bets on chip ETFs can consider the ProShares UltraShort Semiconductors (NYSEArca: SSG), which takes the -2x or -200% daily performance of the Dow Jones U.S. Semiconductors Index and the Direxion Daily Semiconductors Bear 3x Shares (NYSEArca: SOXS), which provides a -3x or -300% performance of the PHLX Semiconductor Select Index.
Related: Trouble Ahead for Semiconductor ETFs Despite Rally
“It remains to be seen if the elevated short interest in these names will put downside pressure on their share prices, but investors in these individual stocks — as well as ETFs that have large exposure to them — might find it useful to monitor the situation,” adds ETF Daily News.
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