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About Direxion Daily Semiconductor Bear 3X ETF
SOXS tracks the value of 1 share of the Direxion Daily Semiconductor Bear 3X ETF. The ETF seeks daily investment results of three times the inverse of the performance of the NYSE Semiconductor Index. Because it resets every day, its returns compound over time and SOXS can lose value — even when semiconductor stocks fall — if held for longer than a single trading day.
On EdgeX, SOXS is a synthetic perpetual market. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently.
SOXS is listed as a EdgeX synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Semiconductors, Equity Indices.
Frequently Asked Questions
- What is SOXS?
- SOXS tracks the value of 1 share of the Direxion Daily Semiconductor Bear 3X ETF. The ETF seeks daily investment results of three times the inverse of the performance of the NYSE Semiconductor Index.
- Does trading SOXS give me any of the rights of owning shares in the underlying ETF?
- No. SOXS is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the underlying ETF's shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying fund.
- Where is SOXS listed, and in what currency does SOXS trade?
- SOXS is listed on NYSE Arca, and its shares trade in U.S. dollars. SOXS's price already reflects that U.S. dollars, with no currency conversion involved.
- Why can SOXS lose value even when semiconductor stocks are falling?
- SOXS seeks three times the inverse of the index's daily move, and that target resets every trading day. Because returns compound through the daily reset, the fund's outcome is path-dependent beyond a single day: in volatile or flat markets, SOXS can lose value even when the NYSE Semiconductor Index falls over the same period.
- SOXS on EdgeX is a synthetic perpetual market that tracks price exposure linked to 1 share of the Direxion Daily Semiconductor Bear 3X ETF. It trades on EdgeX, so you can go long or short without holding any units.
- SOXS on EdgeX is a synthetic perpetual market that tracks price exposure linked to 1 share of the Direxion Daily Semiconductor Bear 3X ETF. It trades on EdgeX, so you can go long or short without holding any units.
- Can SOXS's price on EdgeX differ from the price on other venues?
- Yes. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently and can differ from the same instrument on another venue.
- What does it mean that EdgeX runs its own funding schedule?
- Funding is a periodic payment between long and short positions that keeps a perpetual's price anchored to its underlying. EdgeX sets and settles its own funding on its own schedule, so the funding rate on EdgeX can differ from the funding rate on other venues.
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