5 Best Inverse-Leveraged ETFs of Last Week
- Tech Stocks Performance: Last week, the "Magnificent Seven" tech-related stocks collectively lost $950 billion in market capitalization, surpassing a previous record loss.
- Market Trends: High inflation, talks of higher interest rates, geopolitical tensions, and reduced AI investment enthusiasm impacted stock markets. S&P 500 lost 3.1%, Dow Jones slightly advanced, and Nasdaq plummeted 5.5%.
- Winning ETFs: Inverse-leveraged ETFs like TSLZ, TSDD, SOXS, NVDQ, FNGD, and BERZ saw gains amidst the market turmoil.
- Individual Stock Performances: Tesla's stock dropped by 13.6%, losing $76 billion in market cap, while Nvidia's market cap plunged by nearly $300 billion due to a weekly stock drop.
- Industry Impact: ASML Holding reported a steep decline in bookings, affecting the semiconductor industry and key customers like TSMC, Samsung, and Intel.
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NVDQ, MVLL: Significant Withdrawals from ETFs
ETF Outflow Details: The GraniteShares 2x Long MRVL Daily ETF experienced the largest outflow, losing 2,580,000 units, which is a 39.3% decrease in outstanding units compared to the previous week.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here's More
T-Rex ETF Performance: The T-Rex 2X Inverse Nvidia Daily Target ETF has experienced a staggering 96% decline in value over the past year, contrasting sharply with Nvidia Corp.'s stock surge of 221.08%, as it is designed to gain when Nvidia's stock decreases and lose when it increases.
Nvidia's Growth Outlook: Nvidia continues to lead the chip industry with a market cap exceeding $3 trillion, and analysts predict its valuation could reach $4 trillion due to strong demand for GPU chips and potential revenue doubling driven by AI investments.
SCHX, NVDQ: Big ETF Inflows
ETF Inflows: The NVDQ ETF experienced the largest increase in inflows, adding 4,590,000 units, which represents a 39.9% rise in outstanding units.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Best-Performing Leveraged ETFs of Last Week
U.S. Stock Market Performance: U.S. stocks ended August with gains, driven by optimism over potential Federal Reserve rate cuts following a favorable inflation report, although NVIDIA's disappointing earnings dampened enthusiasm in the tech sector.
Economic Growth and Inflation Update: The U.S. economy grew at a 3% annual pace in Q2, bolstered by strong consumer spending, while July's inflation data met expectations, increasing market speculation about possible interest rate cuts by the Federal Reserve.
IWM, NVDQ: Big ETF Inflows
ETF Inflows: The NVDQ ETF experienced the largest increase in inflows, adding 2,890,000 units, which represents a 36.6% rise in outstanding units.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Nvidia ETFs Split In Pre-Market After Jensen Huang-Led Chip Giant Exceeded Q2 Expectations
ETFs Response to Nvidia Earnings: Following Nvidia's recent earnings report, various ETFs associated with the company displayed mixed reactions, with some like GraniteShares 2x Long NVDA Daily ETF declining by 3.41%, while others such as T-Rex 2X Inverse NVIDIA Daily Target ETF rose by 3.48%.
Impact of Earnings Report: Despite Nvidia surpassing expectations for the second quarter due to strong data center revenue, a contraction in gross margin led to a 3.6% drop in shares during after-hours trading, contributing to the varied responses among its ETFs.
NVDQ, MVLL: Significant Withdrawals from ETFs
ETF Outflow Details: The GraniteShares 2x Long MRVL Daily ETF experienced the largest outflow, losing 2,580,000 units, which is a 39.3% decrease in outstanding units compared to the previous week.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here's More
T-Rex ETF Performance: The T-Rex 2X Inverse Nvidia Daily Target ETF has experienced a staggering 96% decline in value over the past year, contrasting sharply with Nvidia Corp.'s stock surge of 221.08%, as it is designed to gain when Nvidia's stock decreases and lose when it increases.
Nvidia's Growth Outlook: Nvidia continues to lead the chip industry with a market cap exceeding $3 trillion, and analysts predict its valuation could reach $4 trillion due to strong demand for GPU chips and potential revenue doubling driven by AI investments.
SCHX, NVDQ: Big ETF Inflows
ETF Inflows: The NVDQ ETF experienced the largest increase in inflows, adding 4,590,000 units, which represents a 39.9% rise in outstanding units.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Best-Performing Leveraged ETFs of Last Week
U.S. Stock Market Performance: U.S. stocks ended August with gains, driven by optimism over potential Federal Reserve rate cuts following a favorable inflation report, although NVIDIA's disappointing earnings dampened enthusiasm in the tech sector.
Economic Growth and Inflation Update: The U.S. economy grew at a 3% annual pace in Q2, bolstered by strong consumer spending, while July's inflation data met expectations, increasing market speculation about possible interest rate cuts by the Federal Reserve.
IWM, NVDQ: Big ETF Inflows
ETF Inflows: The NVDQ ETF experienced the largest increase in inflows, adding 2,890,000 units, which represents a 36.6% rise in outstanding units.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Nvidia ETFs Split In Pre-Market After Jensen Huang-Led Chip Giant Exceeded Q2 Expectations
ETFs Response to Nvidia Earnings: Following Nvidia's recent earnings report, various ETFs associated with the company displayed mixed reactions, with some like GraniteShares 2x Long NVDA Daily ETF declining by 3.41%, while others such as T-Rex 2X Inverse NVIDIA Daily Target ETF rose by 3.48%.
Impact of Earnings Report: Despite Nvidia surpassing expectations for the second quarter due to strong data center revenue, a contraction in gross margin led to a 3.6% drop in shares during after-hours trading, contributing to the varied responses among its ETFs.
