New York, February 25, 2026, 07:14 EST — Premarket
SoFi Technologies, Inc shares jumped in premarket trading Wednesday, after Direxion rolled out a new leveraged ETF tracking the fintech lender. Traders looking for a new way to play SoFi got just that, as a key day for market risk appetite approached.
SoFi’s shares are back in focus after a sharp move, with the stock caught up in this month’s “AI and tariffs” volatility that’s been shaking U.S. equities. Leveraged products pack a lot of trading into the market’s opening hour, which can amplify swings—often with no new earnings or filings from the company to pin things on.
SoFi was up 2.6% at $19.15 by 7:11 a.m. ET. The stock had closed Tuesday at $18.66, recovering from a 4.2% slide the prior session.
Direxion on Tuesday launched four new single-stock leveraged ETFs, including the Direxion Daily SOFI Bull 2X ETF (SOFA). “Our new Single Stock Leveraged ETFs give traders precise tools to express short-term views,” chief product officer Mo Sparks said in a statement. GlobeNewswire
This leveraged ETF targets twice the daily move of its underlying stock, aiming for about 200% of SoFi’s one-day returns before fees and expenses. Since the leverage resets each day, the longer-term results can diverge significantly from what a simple “2x” label suggests.
U.S. stock-index futures ticked higher, with traders eyeing Nvidia’s post-close report. The session bounced around, tangled up with AI concerns and tariff uncertainty, Reuters reported. Fed officials are scheduled to make appearances throughout the day; investors are tuned in.
Still, more leverage cuts both ways. If risk-off trading resurfaces—be it from Nvidia’s results, tariff talk, or a sudden jolt in rate bets—the reversal can be swift. High-beta names such as SoFi could tumble in a hurry.
With Wednesday’s broader market moves in the rearview, attention shifts to SoFi and its upcoming earnings report slated for May 4, according to Investing.com’s calendar.
