In the third quarter, trades added $7.28 million to the bearish SOXS. Year-to-date, the fund has seen nearly $50 million of inflows.
The upcoming third-quarter earnings season will present potential tests and opportunities with the bearish SOXS and its bullish counterpart, the Direxion Daily Semicondct Bull 3X ETF (NYSEArca: SOXL). SOXL tries to deliver triple the daily performance of the PHLX Semiconductor Index.
From Oct. 15 through Oct. 26, nearly 47% of the components in that major chip index report earnings, according to Direxion data.
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