NASDAQ OMX: ETFs based on the PHLX Semiconductor Sector Index are launched by Direxion Shares

NASDAQ OMX: ETFs based on the PHLX Semiconductor Sector Index are launched by Direxion Shares



The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that two new exchange traded funds (ETFs) based on NASDAQ OMX's PHLX Semiconductor SectorSM index (SOX) have been introduced today by Direxion Shares. The new ETFs are leveraged Bull and Bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the PHLX Semiconductor Sector index, the most widely recognized index investors use to track the semiconductor industry.

"The PHLX Semiconductor Sector index provides broad exposure to an industry that is increasingly tied to the global economy," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "With the launch of these ETFs, investors can now employ new investment strategies involving some of the world's most innovative companies that often drive the broader technology industry."

On March 11, the following ETFs that offer leveraged long and short exposure to the PHLX Semiconductor Sector index began trading:

  • Direxion Daily Semiconductor Bull 3X Shares (SOXL)
  • Direxion Daily Semiconductor Bear 3X Shares (SOXS)

"Direxion is a leader in delivering innovative investment solutions that provide magnified exposure to a spectrum of specific industry sectors, on both the long and short end," stated Dan O'Neill, Direxion Shares' President. "We are pleased to introduce our new Semiconductor 3x ETFs, which reflect our commitment to serving sophisticated investors with tactical investment tools amid changing market conditions."

The PHLX Semiconductor Sector index is a modified capitalization-weighted index composed of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. To view a complete list of component companies, visit

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