SOXS is trading at $4.16, down 7.6% from its previous close of $4.50, as overnight strength in semiconductor futures and a rebound in risk appetite weigh on the inverse ETF.
- The Nasdaq-100 is up approximately 0.75%, signaling broad gains for growth and technology stocks in pre-market trading.
- Strength in chip-sector futures is putting significant downward pressure on SOXS, which is designed to provide 3x inverse exposure to semiconductor performance.