The Direxion DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES (SOXL) is an exchange-traded fund (ETF) that tracks the performance of the PHLX Semiconductor Sector Index. The fund is managed by Direxion and was launched in 2010.

The PHLX Semiconductor Sector Index is a modified market-capitalisation-weighted index that measures the performance of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. It is one of the most widely followed benchmarks for the global semiconductor industry.

SOXL is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.