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|
|(KOLD )||ProShares UltraShort Bloomberg Natural Gas||44.79%|
|(ONG )||Direxion Daily Oil Services Bull 2X Shares||33.24%|
|(MSOX )||AdvisorShares MSOS 2x Daily ETF||32.82%|
|(DFEN )||Direxion Daily Aerospace & Defense Bull 3X Shares||30.17%|
|(FLYU )||MicroSectors Travel 3x Leveraged ETN||27.93%|
|(NRGU )||MicroSectors U.S. Big Oil Index 3X Leveraged ETN||25.87%|
|(UBR )||ProShares Ultra MSCI Brazil Capped||25.15%|
|(BULZ )||MicroSectors Solactive FANG & Innovation 3X Leveraged ETN||24.12%|
|(BRZU )||Direxion Daily MSCI Brazil Bull 2X Shares||23.97%|
|(SOXL )||Direxion Daily Semiconductor Bull 3x Shares||23.81%|
1. KOLD – ProShares UltraShort Bloomberg Natural Gas
KOLD, which offers 2x daily inverse leveraged exposure to natural gas, was present on the top-performing levered/ inverse ETFs list last week. Natural gas prices declined due to lower weather-driven demand and record production levels.
2. ONG – Direxion Daily Oil Services Bull 2X Shares
ONG seeks daily investment results of 200% of the performance of the MVIS US Listed Oil Services 25 Index and was one of the top-performing levered ETFs with ~33% weekly gains on the back of improving investor sentiment on easing Chinese quarantine policies for inbound travelers and OPEC+ output cut.
3. MSOX – AdvisorShares MSOS 2x Daily ETF
MSOX seeks to achieve 2x the total daily return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements featured on the list with ~32% returns with rising legalization support by the US President. Recently Green Thumb Industries, one of the largest cannabis companies in the U.S., also inked a deal with one of the largest global convenience store chains, Circle K, to open medical marijuana dispensaries adjacent to store locations in Florida.
4. DFEN – Direxion Daily Aerospace & Defense Bull 3X Shares
This ETF that aims to triple the daily return of an index of defense industry stocks was one of the top-performing levered ETFs last week as defense stocks gained on the back of rising global geopolitical tensions. The overall aerospace & defense sector gained by more than 8% in the last five days.
5. FLYU – MicroSectors Travel 3x Leveraged ETN
FLYU tracks 3x the daily price movements of an index of US-listed travel-related companies and made it to the list on expected robust travel demand after two years of travel bans and restrictions.
6. NRGU – MicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU which tracks three times the performance of an index of US Oil & Gas companies, also featured on the weekly list returning ~25%. The energy sector gained ~7% and was the best-performing sector in the last five days. Oil price gains were supported by a potential OPEC+ output cut.
7. UBR – ProShares Ultra MSCI Brazil Capped
UBR, which offers 2x daily long leverage to the MSCI Brazil Index, was one of the top-performing levered ETFs as the country witnessed improved commodity prices as well as strong corporate data. There are chances of continuation of the existing policies as a result of the Brazilian elections.
8. BULZ – MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
The BULZ ETF was one of the best-performing levered ETFs with over ~24% returns. The ETF focuses on top technology companies domiciled in the U.S. The technology sector gained by more than 4% in the last week ahead of Big Tech earnings reports.
9. BRZU – Direxion Daily MSCI Brazil Bull 2X Shares
BRZU, which provides 2x daily leveraged exposure to an index of large and mid-cap Brazilian companies also made it to the list.
10. SOXL – Direxion Daily Semiconductor Bull 3x Shares
SOXL, which offers 3x daily long leverage to the PHLX Semiconductor Index was a contender on the top performing levered/ inverse ETFs list last week. The overall semiconductor segment increased by almost 6% in the last five days driven by an expected slower pace of interest rate hikes.
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