YCS hit a new 52-week Thursday on volume that was more than quadruple the daily average, which could be a sign some traders are starting to give the leveraged product its due.

Another Japan ETF that should be getting more love is the WisdomTree Japan Hedged Small Cap Fund (NasdaqGS: DXJS). The small-cap answer to DXJ, DXJS was one of just eight ETFs to hit a new all-time high on Wednesday, adding to a rally that has seen the ETF surge nearly 6% since Aug. 7.

WisdomTree Japan Hedged Equity Fund