“The US economy is strong, with leading indicators – indicators that tell us where we are going, not where we have been — rising for 28 successive months,” Johnson added.
Despite all the market noise, here are five ETFs that yielded the highest returns within the past week.
1. Direxion Daily S&P Oil & Gas Exploration & Production Bear 3x Shares (NYSEArca: DRIP): 34.32%
DRIP seeks daily investment results equal to 300% of the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (“GICS”).
2. Direxion Daily Natural Gas Related Bear 3X Shares (NYSEArca: GASX): 31.24%
GASX seeks daily investment results worth 300% of the inverse of the daily performance of the ISE-Revere Natural Gas IndexTM. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index is designed to take advantage of both event-driven news and long-term trends in the natural gas industry.
3. Direxion Daily Regional Banks Bear 3X Shares (NYSEArca: WDRW): 24.35%
WDRW seeks daily investment results equal to 300% of the inverse of the daily performance of the S&P Regional Banks Select Industry Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry.
4. ProShares UltraPro Short Nasdaq Biotechnology (NasdaqGM: ZBIO): 23.80%
ZBIO seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ Biotechnology Index®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund’s investment objective. The index is a modified capitalization weighted index that includes securities of the Nasdaq Stock Market listed companies that are classified as either biotechnology or pharmaceutical.
5. Direxion Daily Energy Bear 3X Shares (NYSEArca: ERY): 23.51%
ERY seeks daily investment results equal to 300% of the inverse of the daily performance of the Energy Select Sector Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services.
Related: Top 58 Equity Inverse ETFs
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