Some lesser known exchange traded products that debuted in February of this year have had a few days in the limelight this week in terms of investor attention and trading volume amidst the recent market volatility.

One such example is FactorShares 2X Gold Bull/S&P 500 Bear (NYSEArca: FSG). In the past two sessions, trading volume has swelled to well over 400,000 shares on each day, which is about 10 times the average daily volume in the product.

Additionally, FSG recently hit its highest price level since inception today (before regressing during the final hour of trading), as the S&P 500 briefly traded at 1101 and there was a renewed rush for gold as prices there touched multi-year highs briefly. [Spread ETF Rallies on Stock Downdraft, Record Gold]

Since this fund is designed for investors who simultaneously want to play larger, “macro effect” type trends in the marketplace, the methodology has been spot on during this past week as far as being bullish gold and bearish the S&P 500 as investors have spurned stocks and bought gold on the panics.

This week alone, FSG is up 11.81%.