Top Performing Leveraged/Inverse ETFs: 08/30/2020
August 31, 2020 at 17:47 PM EDT
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. Investors could be mistaken for thinking last week it was the running of the bulls with the returns on leveraged and inverse funds. The MicroSectors FANG+™ Index 3X Inverse Leveraged ETN (FNGU) once again lead the pack with 16.75% in gains. Financials also had a big week with three funds making the top ten list at over 10% in gains, unfortunately investors didn’t have as much confidence with their assets as the market did. Of the three funds only the Direxion Daily Regional Banks Bull 3X Shares (DPST) has any positive inflows last week, and it was a paltry $1.8 million at that. Meanwhile investors pulled $46.5 million from the Direxion Daily Financial Bull 3X Shares (FAS). Talk about a tough crowd. Investors should also note that bullish bets on internet, technology and communication services continue to be a solid plan in the work from home year of COVID-19.