ERY is doing its job, up 14.5% over the past week while XLE is off 4.6%. That, perhaps surprisingly, has not stoked big inflows into ERY. ERY, however, has seen its average volume over the past five trading days jump almost 33% above the trailing 20-day average, according to Eschmann.
Another curious leveraged ETF scenario comes by way of the bond arena. The Direxion Daily 20-Year Treasury Bear 3X Shares (NYSEArca: TMV) has seen a steady influx of new money, indicating some traders are betting on higher interest rates.
TMV has pulled $88.4 million since the start of the third quarter even though 10-year Treasury yields have fallen over that time. TMV is designed to deliver triple the daily inverse performance of the NYSE 20 Year Plus Treasury Bond Index, which is to say this ETF will surge if and when rates do move higher. [Profiting From Rising Rates With ETFs]
Direxion Daily 20-Year Treasury Bear 3X Shares
