Top Performing Leveraged/Inverse ETFs: 07/23/2023

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.

1. DPST – Direxion Daily Regional Banks Bull 3X Shares

DPST, which provides 3x leveraged exposure to an index of US regional banking stocks, topped the list of top-performing levered ETFs as the Financials sector gained by almost 3% on encouraging inflation data and strong earnings reports last week. The commercial banking segment also increased by over 5% in the last five days.

2. BNKU – MicroSectors U.S. Big Banks Index 3X Leveraged ETNs

BNKU, which tracks 3x the performance of an equal-weighted index of US large banks, ranked second on the list as the commercial banking segment returned more than 5% in the last week. Banks gained from a strong start to the earnings season and expected upcoming rate hikes.

3. 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, was present on the weekly list of top-performing levered/ inverse ETFs returning over ~14% as oil prices increased on tightening supply and high demand conditions. Oil, gas, and consumable fuels garnered gains of 5.7% in the last five days.

4. BOIL – ProShares Ultra Bloomberg Natural Gas

BOIL, the natural gas ETF featured on the list of top performing levered ETFs, gained more than 13% in the last week. The overall energy sector gained by more than 5%, and it was the best-performing sector in the last five days.

5. WTIU – MicroSectors Energy 3X Leveraged ETNs

WTIU, an exchange-traded note that tracks 3x of the daily price movements of an index of US-listed energy and oil companies, was another top-performing levered ETF last week. Energy was the best-performing sector gaining by ~5% in the last five days.

6. OILU – MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

OILU, which provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production, also featured on the list with over ~11% weekly gains.

7. GUSH – Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

GUSH, an oil & gas exploration and production ETF, was another candidate on the list of top performing levered ETFs, returning more than 10% last week on tighter supply conditions.

8. CURE – Direxion Daily Healthcare Bull 3x Shares

The CURE ETF offers 3x daily leveraged exposure to an index of healthcare stocks. The healthcare sector gained ~3.6% and was the second-best performing sector in the last five days, as healthcare spending increased in recent times.

9. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN

FNGD ETF, which provides inverse exposure to the US big tech equity, was one of the candidates on the list last week. Technology stocks got a beating as Netflix’s quarterly results failed to impress. Also, Fed is expected to raise interest rates by 25 basis points in the upcoming July meeting.

10. FAS – Direxion Daily Financial Bull 3X Shares

FAS ETF offers 3x daily long leverage to the Russell 1000 Financial Services Index. Financials was the fourth-best-performing sector last week, returning almost 3% on encouraging inflation data and strong earnings reports.

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