Financial News

Top Performing Leveraged/Inverse ETFs: 10/04/2020

By: ETFdb
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. Unlike their ungeared brethren which had a week dominated by a single asset class, this week had a very mixed bag of funds hit it big for investors. Considering how well alternative or clean energy did this week, it’s no surprise that an inverse bet on natural gas was this week’s top performer. The ProShares UltraShort Bloomberg Natural Gas ( KOLD B- ), provides -2x the returns of an index that tracks a single second month natural gas futures contract. An interesting pair of financial funds also made this week’s top returns, the Direxion Daily Regional Banks Bull 3X Shares ( DPST ) and the MicroSectors U.S. Big Banks Index 3x Leveraged ETN ( BNKU ). While DPST is the larger and older of the pair, BNKU launched just last year. Despite being from different issuers, the pair seem to have a pretty decent lockdown on the market for day traders.
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