On August 27, Direxion Daily Technology Bull 3X Shares rose 5.35% overnight, trading at $203.5/share, with turnover of $79,700.
On the news front, NVIDIA released its fiscal year 2027 Q2 earnings after hours: revenue reached $96.2 billion, up 106% year-over-year, exceeding market expectations of $92.38 billion; adjusted earnings per share came in at $2.22, up 120% year-over-year; data center revenue hit $89 billion, driven by Blackwell Ultra infrastructure volume ramp. NVIDIA surged over 5% in after-hours trading, lifting the broader technology sector.
As a 3x leveraged ETF tracking the technology sector index, the fund amplified the underlying index gains through its leverage mechanism. The fund invests at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and ETFs that track the index, providing 3X daily leveraged exposure to domestic technology sector companies. It is non-diversified.
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