ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Leveraged & Inverse ETF Channel
  2. 2 ETFs That May Benefit From Clean Energy Initiatives
Leveraged & Inverse ETF Channel
Share

2 ETFs That May Benefit From Clean Energy Initiatives

Ben HernandezFeb 14, 2023
2023-02-14

With aggressive global plans to reduce carbon emissions and attain net-zero, clean energy plays are an ideal move in the market. With the help of the U.S. government’s regulatory measures bolstering these initiatives, traders can capitalize further with leveraged exchange traded funds (ETFs).

From renewable energy sources to electric vehicles (EV), government subsidies will help provide funding that will spur the green movement further. Slowly but surely, more consumers will see their electricity powered by more wind and solar energy sources.

“Large U.S. electric utilities with renewable power projects in the works will benefit most in the sector from new federal clean energy funding, analysts and researchers said, with those already at the forefront of developing solar and wind cleaning up,” a Reuters article said.

2 Momentum Plays With Leverage

Clean energy certainly has momentum behind it, whether it’s a short-term play or a long-term growth play. For the former, Direxion Investments has a pair of funds worth considering to capture upside in the green trend.

“A rise in wind and solar production, together with more nuclear electricity, will dominate growth in global power supply over the next three years, curbing the emissions impact of greater energy use, the International Energy Agency said on Wednesday,” another Reuters report said.

For a sector-specific play on green energy, consider the Direxion Daily Global Clean Energy Bull 2x Shares (KLNE C). The fund seeks to return 200% of its benchmark index, the S&P Global Clean Energy Index, in a single day.

The index gives exposure to developed market countries whose economic fortunes are in the global clean energy business. These include companies that are involved in the production of clean energy or provide green energy technology and equipment.

The utility sector will also be undergoing a green transformation, relying more heavily on alternative energy sources. As such, traders can take a look at a broader play on utilities with the Direxion Daily Utilities Bull 3X Shares (UTSL A-), which seeks daily investment results equal to 300% of the daily performance of the Utilities Select Sector Index.

For more news, information, and analysis, visit the Leveraged & Inverse Channel.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X