The sharp flow split between the leveraged semiconductor exchange-traded funds points to strong bullish positioning in chip stocks during Tuesday trading.
The 3x leveraged long semiconductor ETF SOXL recorded a daily inflow of $1.03 billion on Tuesday, the largest on record in the source. At the same time, the 3x leveraged short semiconductor ETF SOXS posted $230 million in outflows, described as the biggest daily withdrawal since late March. Together, the moves indicate investors added aggressively to bullish leveraged semiconductor exposure while reducing bearish positions tied to the same sector.