On August 24, Direxion Daily Technology Bull 3X Shares declined 5.29% in regular trading, trading at $182.875/share, with turnover of $41.75 million. As a 3x leveraged ETF tracking the U.S. technology sector, the fund amplified the ongoing broad-based tech selloff.

The decline comes amid persistent pressure from surging U.S. Treasury yields and elevated oil prices. The 30-year Treasury yield recently climbed above 5.3%, reaching its highest level since 2007, while the 10-year yield remains above 4.7%. Brent crude hovering near $94 per barrel, fueled by unresolved U.S.-Iran tensions over the Strait of Hormuz, has further stoked inflation concerns. The Nasdaq 100 had already been on a multi-day losing streak, with the Philadelphia Semiconductor Index plunging nearly 5% in a single session earlier this week as storage and optical communication stocks bore the brunt of selling.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a technology sector index, including swap agreements, securities of the index, and ETFs tracking the index. It 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.)