Breaking News Bar

Business News and Information

Top Performing Leveraged/Inverse ETFs: 09/20/2020

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. Like their non-geared siblings, biotechnology and healthcare topped this week’s returns chart. The big winner by a mile was the Direxion Daily S&P Biotech Bull 3x Shares ( LABU ) with almost 36% gains this past week, unfortunately investors weren’t as keyed in and pulled $116 million from the fund. Almost of this week’s top performers were in the energy sector, mostly in oil, but a notable exception was the ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B ( LMLB ). This ETN is an interesting take on MLPs as it specifically excludes energy. This week’s upswing in returns is particularly notable as LMLB is down over 70% YTD. The Direxion Daily Junior Gold Miners Index Bull 2x Shares ( JNUG B- ) has struggled this year as well, it’s down over 80% YTD, but is up almost $200 million in new assets. However investors seem to be off on their timing in the fund, while it has been up 8% this week they pulled $47 million from JNUG. Just goes to sow that timing is everything.
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear