Semiconductor exchange traded funds (ETFs) have rallied higher this week as mergers and acquisitions have boosted the sector’s gains, ETF Trends reports. The 300 percent leveraged ETF Direxion Daily Semiconductor Bull 3X Shares increased 7.5 percent on September 14.

The HOLDRS Semiconductor gained 2.3 percent. The semiconductor sector rose after Broadcom announced it would acquire NetLogic for $3.7 billion at a 57 percent premium.

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