What is SOXS and how does it work?

SOXS is Direxion Daily Semiconductor Bear 3X Shares, an AMEX‑listed leveraged inverse ETF designed to return approximately -3x the daily performance of the NYSE Semiconductor Index using swaps and futures. It's intended for short‑term trading, not long‑term holding.

Why did SOXS drop after hours on 02 Jan 2026?

The after‑hours decline to USD 2.7485 followed heavy intraday volume and broader semiconductor weakness. Leveraged inverse ETFs like SOXS amplify intraday index moves, producing larger percentage swings versus the underlying index.

How should I use SOXS in a portfolio?

SOXS suits short‑term, tactical hedges or directional trades. Due to daily rebalancing and compounding, it is not appropriate as a buy‑and‑hold hedge. Use strict risk controls and size positions for high volatility.

What are Meyka AI’s forecasts for SOXS?

Meyka AI's forecast model projects monthly USD 1.98 and yearly USD 9.528251913072303. These imply -27.97% short‑term and +246.68% 12‑month changes versus the current USD 2.7485. Forecasts are model‑based and not guarantees.

US Stocks

SOXS $2.75 -12.19% after hours 02 Jan 2026: most active ETF signals chip stress

ByDanny Kontos January 3, 2026January 3, 2026

The Direxion Daily Semiconductor Bear 3X Shares ETF (SOXS) plunged to USD 2.7485, down 12.19% in after‑hours trade on 02 Jan 2026 after heavy intraday activity. Trading on the AMEX in the United States, SOXS recorded volume of 457,790,628 shares versus an average 311,103,958, marking it among the most active issues today. The slide widened the ETF’s gap below its 50‑day average of USD 3.48 and 200‑day average of USD 9.90, underlining acute semiconductor sector pressure and leveraged ETF sensitivity to intraday moves.