Why did USD crash 17%?

The crash was driven by a sharp sell-off in semiconductor stocks, including NVIDIA and Broadcom, amplified by the leverage factor of the ETF.

What are the risks of leveraged ETFs?

Leveraged ETFs amplify both gains and losses on a daily basis, making them suitable only for short-term traders. They can lead to significant losses in a single day.

Could the decline continue on June 8?

Yes, analysts expect further selling pressure if negative sentiment toward the semiconductor sector persists.

USD ETF Crashes 17% in Single Day, More Pain Ahead

The ProShares Ultra Semiconductors ETF (USD) crashed approximately 17% on June 5, 2026, closing at $88.68 from $106.64 the prior day. The sharp decline raises fears of continued losses on June 8.

June 7, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

closing price

$88.68

previous close

$106.64

daily decline

17%

notional loss on 10000

$1,700

The ProShares Ultra Semiconductors ETF (USD) experienced a severe crash on June 5, 2026, closing at $88.68, down 17% from the previous close of $106.64. This translates to a loss of roughly $1,700 for every $10,000 invested.

Reasons for the Decline

USD is a 2x leveraged ETF tracking the Dow Jones U.S. Semiconductors Index. The sharp drop reflects a broad sell-off in semiconductor stocks, with major holdings like NVIDIA (NVDA) and Broadcom (AVGO) coming under heavy selling pressure. Leveraged ETFs amplify daily losses, exacerbating the decline.

Context

In the prior week, the fund had experienced volatility, but the June 5 crash was the largest in recent months. It comes amid growing concerns over slowing chip demand and tightening monetary policy.

Outlook for June 8

Analysts warn that selling pressure could persist on June 8, with the potential for further declines if negative sentiment toward the semiconductor sector continues.

Similar Moves in the Sector

The losses were not limited to USD; other semiconductor ETFs like the VanEck Semiconductor ETF (SMH) also fell 8% on the same day. Individual stocks such as NVIDIA and Broadcom dropped over 10%.

Frequently Asked Questions

The ProShares Ultra Semiconductors ETF (USD) is a 2x leveraged ETF that aims to deliver twice the daily return of the Dow Jones U.S. Semiconductors Index.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.