SOXL - Direxion Daily Semiconductor Bull 3X Shares
The Direxion Daily Semiconductor Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the PHLX Semiconductor Sector Index ("Semiconductor Index"). There is no guarantee the fund will meet its stated investment objective.
The Semiconductor Index measures the performance of the semiconductor subsector of the U.S. equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion. The average capitalization of the companies comprising the Semiconductor Index was approximately $15 billion.
Further information: http://www.direxionshares.com/etf/semibu_3x_shares.html