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Just one week after expanding its single-stock ETF suite, Direxion has launched new leveraged ETFs targeting two major players in the semiconductor industry: Broadcom Inc (NASDAQ:AVGO) and Micron Technology Inc (NASDAQ:MU).
With Thursday’s launch, active traders can magnify or inverse their exposure to Broadcom and Micron stocks using:
"Direxion is the leader in the semiconductor sector of the leveraged and inverse ETF universe, with over $13B in assets across the suite," said Edward Egilinsky, managing director at Direxion. "With the launch of the Broadcom and Micron Technologies ETFs, Direxion now has the largest suite of single-stock leveraged and inverse ETFs as well."
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These ETFs offer traders new tools to tap into the price movements of Broadcom and Micron — both dominant names in the semiconductor space. Leveraged and inverse ETFs are designed for short-term trading, enabling traders to capitalize on market shifts without holding long-term positions.
As always, Direxion advises that these ETFs are for experienced traders with a high risk tolerance. Leveraged products like these are not suitable for buy-and-hold strategies, as they seek to magnify short-term stock movements.
For traders, Direxion's new ETFs provide fresh opportunities to react to market volatility and industry trends — but it's crucial to stay vigilant, as the risks of trading with leverage are just as significant as the potential rewards.
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