Movement Alert|Direxion Daily Technology Bull 3X Shares Falls 5.01% in Regular Trading, US Strikes on Iran Drag Tech Sector Lower

Market Focus
Sep 02

On September 2, Direxion Daily Technology Bull 3X Shares fell 5.01% in regular trading, trading at $193.00/share, with turnover of $54.6648 million.

On the news front, the United States launched strikes on multiple locations in Iran, triggering a broad risk-off move across US equity markets. All three major US indices declined, with the semiconductor sector notably under pressure and international oil prices surging higher. As a triple-leveraged bull ETF tracking the technology sector, the fund amplified the underlying tech weakness, translating a moderate decline in the base index into a more pronounced drop at the fund level.

The fund invests at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and ETFs that track the index, providing 3X daily leveraged exposure to domestic technology sector companies. It is non-diversified.

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