Top Performing Levered/Inverse ETFs Last Week
These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework.
| Ticker | Name | 1 Week Return |
|---|---|---|
| (LABU ) | Direxion Daily S&P Biotech Bull 3x Shares | 15.83% |
| (NAIL ) | Direxion Daily Homebuilders & Supplies Bull 3X Shares | 15.57% |
| (GDXD ) | MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 14.65% |
| (NRGD ) | MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | 13.03% |
| (DRIP ) | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | 12.16% |
| (JDST ) | Direxion Daily Junior Gold Miners Index Bear 2X Shares | 12.09% |
| (WTID ) | MicroSectors Energy 3X Inverse Leveraged ETNs | 11.59% |
| (BZQ ) | ProShares UltraShort MSCI Brazil Capped | 11.51% |
| (BITI ) | ProShares Short Bitcoin Strategy ETF | 11.18% |
| (TSLS ) | Direxion Daily TSLA Bear 1X Shares | 11.15% |
1. LABU – Direxion Daily S&P Biotech Bull 3x Shares
The biotech fund, LABU, gained more than 15%, and the biotech sector increased by over 0.5% in the last five days as biotech stocks got a boost from a spike in deal activity in the industry. Large pharma companies like Merck & Co. and GSK deals propelled investor interest.
2. NAIL – Direxion Daily Homebuilders & Supplies Bull 3X Shares
The NAIL ETF that focuses on the US housing segment returned more than 15% as major homebuilders like D.R. Horton reported better than expected quarterly results. Shares of Lennar also reached near its all-time high price.
3. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs
GDXD, which offers inverse levered exposure to Global Gold Miners, was one of the top inverse ETFs returning over 14% last week. Gold prices inched lower on hawkish Fed comments.
4. NRGD – MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
NRGD ETF, which provides inverse exposure to the performance of U.S. Oil, Gas & Consumable Fuels, featured on the list of the top performing levered/ inverse ETFs, gaining over 13%. Oil prices fell upon concerns over global economic outlook and Federal Reserve’s stance to further hike rate to curb inflation.
5. DRIP – Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
The top performing levered/ inverse ETFs list also featured Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares, which gained by ~12% in the last week.
6. JDST – Direxion Daily Junior Gold Miners Index Bear 2X Shares
Direxion Daily Junior Gold Miners Index Bear 2X Shares or JDST, which seeks daily investment results of 200% of the inverse of the performance of the MVIS Global Junior Gold Miners Index, was another top performing inverse ETF, returning more than 12% in the last week.
7. WTID – MicroSectors Energy 3X Inverse Leveraged ETNs
WTID, was another inverse energy ETF on the list with over ~11% weekly gains as energy sector remained mired with a strengthening U.S. dollar, global demand concerns, and a hawkish Fed stance.
8. BZQ – ProShares Ultrashort MSCI Brazil Capped ETF
The BZQ ETF offers a good way to play the bearish short-term outlook for Brazilian large-cap stocks. This inverse ETF returned more than 11% in the last week as the Brazil stocks fell on Vale drag after iron ore prices declined in China.
9. BITI – ProShares Short Bitcoin Strategy ETF
The BITI ETF aims to gain from bitcoin price declines also featured on the list. Growth and tech stocks were pressured from the Fed’s indication of another quarter-point interest rate hike in May.
10. TSLS – Direxion Daily TSLA Bear 1X Shares
TSLS provides inverse exposure to the daily price movement for shares of Tesla stock and featured on the list with ~11% weekly gains as shares dropped amid year-on-year quarterly earnings decline.
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