Market Overview
On Thursday, Aug 13, the Dow Jones added 0.13%, the S&P 500 gained 0.65%, and the Nasdaq rose 0.81%.
ETF market breadth leaned risk-on, with leveraged equity products broadly firmer while several inverse commodity vehicles advanced as underlying prices eased.
Top 5 US ETF Gainers
Tradr 2X Long SNDK Daily ETF (SNXX) jumped 27.28%. The fund targets two times the daily return of flash memory company SanDisk, and it rallied as the underlying shares advanced.
SanDisk set long-term revenue growth targets through fiscal 2030 and signaled robust margin and shareholder return ambitions.
Leverage Shares 2X Long SNDK Daily ETF (SNDG) gained 27.18%. The ETF seeks two times the daily move of SanDisk, tracking the underlying shares’ advance during the session.
T-Rex 2X Long SNDK Daily Target ETF (SNDU) climbed 27.08%. This product amplifies, by two times, daily moves in SanDisk and rallied alongside the stock’s upswing.
Corgi SNDK 2x Daily ETF (SNDC) advanced 26.57%. Designed to deliver two times the daily performance of SanDisk, the ETF increased as the shares firmed.
Leverage Shares 2X Long BLSH Daily ETF (BLSG) rose 24.12%. The vehicle provides two times the daily return of BLSH, and it added as the underlying shares climbed.
Top 5 US ETF Losers
Tradr 2X Short SNDK Daily ETF (SNDQ) fell 27.19%. The vehicle seeks two times the inverse of SanDisk, and it declined as the underlying exposure strengthened.
Tradr 2x Long CBRS Daily ETF (CBRX) slid 23.74%. The fund targets two times the daily return of CBRS, and it retreated as the underlying shares weakened.
Leverage Shares 2X Long CBRS Daily ETF (CBRG) dropped 23.67%. Designed to magnify, by two times, daily moves in CBRS, the ETF slumped in step with the stock’s pullback.
Defiance Daily Target 2X Long ONDS ETF (ONDL) declined 18.20%. The product seeks two times the daily performance of ONDS, and it fell as the underlying company’s shares eased.
Tradr 2X Long ONDS Daily ETF (ONDU) shed 18.17%. The ETF delivers two times the daily move of ONDS and retreated as the stock weakened.
Top 5 Equity Index ETFs
ProShares UltraPro QQQ (TQQQ) rose 3.42%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index’s intraday strength.
Direxion Daily FTSE China Bear 3X Shares (YANG) advanced 3.16%. The fund offers three times inverse exposure to large-cap Chinese equities represented by the FTSE China 50 and gained as those shares softened.
ProShares UltraShort FTSE China 50 (FXP) increased 2.81%. The vehicle seeks two times inverse daily performance of the FTSE China 50 and added as the benchmark weakened.
Proshares Ultra QQQ ETF (QLD) climbed 2.29%. The fund aims for two times the daily return of the Nasdaq-100 and participated in the day’s tech-led strength.
ProShares UltraPro S&P500 ETF (UPRO) gained 2.01%. The ETF provides three times the daily move of the S&P 500 and advanced alongside the broad U.S. equity rally.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) rose 5.81%. The fund delivers two times inverse exposure to the NYSE Arca Gold Miners cohort and increased as gold miners softened.
ProShares UltraShort Silver (ZSL) gained 3.22%. The ETF offers two times inverse exposure to silver and advanced as the metal eased.
ProShares UltraShort Gold (GLL) climbed 3.11%. The product seeks two times inverse daily performance of gold and rose as bullion weakened.
ProShares UltraShort Bloomberg Crude Oil (SCO) increased 2.36%. The fund targets two times inverse exposure to crude oil and benefited as oil prices slipped.
DB Gold Double Short Exchange Traded Notes (DZZ) added 2.07%. The ETN provides two times inverse exposure to gold and gained as bullion retreated.
Top 5 Industry ETFs
Direxion Daily Real Estate Bull 3X Shares (DRN) climbed 4.03%. The fund seeks three times the daily performance of U.S. real estate equities and rallied with the sector’s intraday advance.
ProShares Ultra Real Estate (URE) advanced 3.24%. The ETF offers two times the daily move of U.S. real estate stocks and increased as property names firmed.
Direxion Daily Semiconductors Bull 3x Shares (SOXL) rose 2.25%. The vehicle targets three times the daily return of large semiconductor manufacturers and participated in chipmakers’ strength.
Direxion Daily Financial Bull 3x Shares (FAS) gained 1.73%. The fund delivers three times the daily performance of U.S. financials and edged higher alongside the group.
iShares U.S. Home Construction ETF (ITB) added 1.39%. The ETF concentrates on U.S. homebuilders and home improvement suppliers and rose with the day’s constructive tone in housing-related shares.
Top 5 Bond ETFs
VanEck Preferred Securities ex Financials ETF (PFXF) increased 0.72%. The fund holds preferred stocks from non-financial U.S. issuers and advanced with the day’s bid for income-oriented assets.
Invesco Emerging Markets Sovereign Debt ETF (PCY) gained 0.66%. The ETF focuses on U.S. dollar-denominated emerging market sovereign bonds and climbed as the segment firmed.
SPDR Portfolio Long Term Treasury ETF (SPTL) rose 0.60%. The fund tracks long-duration U.S. Treasuries and advanced alongside strength in government bonds.
iShares 20+ Year Treasury Bond ETF (TLT) added 0.58%. The ETF holds longer-dated U.S. Treasuries and increased with the move in duration-sensitive assets.
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) advanced 0.52%. The actively managed fund invests in U.S. preferred shares and gained amid steady demand for yield-oriented exposure.
Conclusion
A risk-on tone dominated ETFs, with leveraged single-stock vehicles tied to SanDisk leading the upside while their inverse counterpart slumped. Index-linked leveraged products also firmed, and inverse commodity exposures benefited as metals and energy prices softened. Sector-focused real estate and semiconductor bulls outperformed, and long-duration bond funds posted modest gains. The session featured notable dispersion between leveraged longs and inverses tied to the same underlyings, highlighting leverage-driven volatility across the product set covered above.