🟢 SOXS is trading 5.1% up today following a 1-for-20 reverse split and semiconductor sector pullback

SOXS is trading 5.1% up today following a 1-for-20 reverse split and a pullback in semiconductor stocks as investors take profits from a recent CPI-driven rally.

• The move reflects traders re-engaging short-term bearish bets on the chip sector as investors reassess valuations following the recent surge in semiconductor names.
• The fund, which provides 3x inverse exposure to the ICE Semiconductor Index, is benefiting from profit-taking in the sector amid cooling inflation and shifting Fed expectations.
• The mechanical price impact of today's reverse split is also amplifying apparent percentage moves during the early post-split trading session.