Some of the Best Leveraged ETFs are Getting No Love

The confounding situation of traders missing out on some of the best leveraged ETFs is not limited to oil funds. Falling oil prices have been a boon for retail stocks as highlighted by the Direxion Daily Retail Bull 3X Shares (NYSEArca: RETL). RETL, which hit an all-time high Friday, is up 33.1% in the past month, but investors have put no new money to work in the ETF in November. [Falling Oil Lifts Retail ETFs]

Given Russia’s status as one of the largest non-OPEC producers of oil, the Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) has been a predictable beneficiary of crude’s swoon. RUSS is up 21.2% in the past month, but has lost $3.1 million in assets this month.

In proof that some traders are really getting it wrong with leveraged ETFs, RUSS’ bullish equivalent, the Direxion Daily Russia Bull 3x Shares (NYSE: RUSL), is off 27% over the past month while adding $19.4 million in new assets in November. So terrible has RUSL’s performance been that the ETF will be reverse split next month. [Reverse Splits Coming for These ETFs]

Direxion Daily Retail Bull 3X Shares