SOXL Short Position Shows More Than $850,000 in Unrealized Gains

A SOXL short position had more than $850,000 in unrealized gains on Oct. 23, as semiconductor stocks led the market lower and a U.S. chip index fell 6.72% Thursday.

The position, listed on trade.xyz, covered 42,292 SOXL shares with 10x leverage. Its average price was $103.262.

SOXL is a 3x leveraged long exchange-traded fund tied to a semiconductor index. Semiconductor stocks led the market lower during the week, with a U.S. chip index dropping 6.72% Thursday.