🔴 Trading-Inverse Equity ETF (SOXS) is trading 4.89% down today as semiconductor futures and technology shares rise

SOXS is trading at $31.98, down 4.89%, as semiconductor futures and technology shares move higher, reducing demand for the inverse semiconductor ETF.

• Broader equities are advancing, supporting a risk-on tone; easing oil prices after Strait of Hormuz diplomacy also improved sentiment.
• Elevated Treasury yields and renewed rate-hike expectations remain a headwind for growth stocks.
• Semiconductor and AI-linked shares are attempting to recover after recent volatility.