On August 24, Direxion Daily Semiconductors Bear 3x Shares rose 8.11% in regular trading, trading at $51.805/share, with turnover of $614 million. The gain reflects a sharp decline in the Philadelphia Semiconductor Index, which fell nearly 5% on the session.

The move was driven by surging US long-term Treasury yields, with the 30-year yield hitting 5.337%, the highest level since 2007. This triggered a broad selloff across global semiconductor and AI hardware stocks. Market concerns over AI debt sustainability intensified as large tech companies increasingly rely on bond financing for capital expenditures, prompting investors to reprice risk in high-valuation growth sectors. Profit-taking from accumulated gains in storage chips and optical communication stocks further amplified selling pressure, with all 30 Philadelphia Semiconductor Index constituents closing lower.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily inverse exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)