Prime Performing Levered/Inverse ETFs Final Week
These have been final week’s top-performing leveraged and inverse ETFs. Be aware that due to leverage, these sorts of funds can transfer rapidly. At all times do your homework.
Ticker | Title | 1 Week Return |
---|---|---|
(SOXL ) | Direxion Each day Semiconductor Bull 3x Shares | 47.05% |
(KORU ) | Direxion MSCI Each day South Korea Bull 3X Shares | 40.42% |
(GDXU ) | MicroSectors Gold Miners 3X Leveraged ETN | 40.27% |
(WEBL ) | Direxion Each day Dow Jones Web Bull 3X Shares | 38.78% |
(NAIL ) | Direxion Each day Homebuilders & Provides Bull 3X Shares | 36.77% |
(BULZ ) | MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 35.25% |
(HIBL ) | Direxion Each day S&P 500 Excessive Beta Bull 3X Shares | 34.44% |
(PYPT ) | AXS 1.5X PYPL Bull Each day ETF | 32.71% |
(TECL ) | Direxion Each day Know-how Bull 3X Shares | 30.45% |
(USD ) | ProShares Extremely Semiconductors | 27.81% |
1. SOXL – Direxion Each day Semiconductor Bull 3x Shares
SOXL, which gives 3x every day lengthy leverage to the PHLX Semiconductor Index, ranked No.1 on the record of the highest performing levered/ inverse ETFs final week. The general semiconductor phase elevated by greater than 11% within the final 5 days after the indication of an anticipated slower tempo of rate of interest hikes by the Fed’s Vice Chair.
2. KORU – Direxion MSCI Each day South Korea Bull 3X Shares
KORU offers 300% every day leveraged publicity to an index of large- and mid-cap South Korean corporations, featured on the highest performing leveraged ETFs this week, on constructive Asian markets forecast supported by know-how corporations.
3. GDXU – MicroSectors Gold Miners 3X Leveraged ETN
GDXU is a leveraged fairness fund that gives 3x publicity to an index comprised of two of the most important gold miners’ ETFs, viz VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), that spend money on the worldwide gold mining business. GDXU returned over 40% final week as gold rose on a weaker greenback and expectations a couple of slower tempo of price hikes.
4. WEBL – Direxion Each day Dow Jones Web Bull 3X Shares
WEBL, offering 3x leveraged every day publicity to an index of the most important U.S. web corporations was current on the record with over ~38% returns within the final week on easing inflation information and hopes for slower will increase to the rate of interest.
5. NAIL – Direxion Each day Homebuilders & Provides Bull 3X Shares
The NAIL ETF that focuses on the US housing phase returned greater than 36% within the final week, supported by easing inflation information and the indication that Fed may ease the long run price hikes. The true property sector gained by ~5% within the final 5 days.
6. BULZ – MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
The BULZ ETF was among the finest performing levered ETFs with over ~17% returns. The ETF focuses on prime know-how corporations domiciled within the U.S. The know-how sector gained by greater than ~7% within the final week pushed by the cooling inflation report.
7. HIBL – Direxion Each day S&P 500 Excessive Beta Bull 3X Shares
The HIBL ETF offers 3x every day leveraged publicity to a beta-weighted index of 100 highest-beta shares within the S&P 500. All S&P 500 sectors rose final week, with communication, IT, and client discretionary, every gaining by over 6%. Shares gained on indicators of easing inflation.
8. PYPT – AXS 1.5X PYPL Bull Each day ETF
PYPT offers 1.5x leveraged publicity to the every day worth motion for shares of PayPal inventory and made it to the record with ~32% weekly positive factors. The Paypal inventory elevated over strong long-term prospects and increasing digital attain.
9. TECL – Direxion Each day Know-how Bull 3X Shares
The TECL ETF was one other candidate on the record of top-performing levered ETFs returning over 30% final week.
10. USD – ProShares Extremely Semiconductors
USD, which offers leveraged publicity to the U.S. Semiconductors shares additionally featured on this week’s record, pushed by elevated world demand for chips and expectations of slower price hikes.
For extra information, info, and technique, go to the Leveraged & Inverse Channel.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.