Market Overview
On Friday, Aug. 07, the Dow Jones Industrial Average rose 0.28%, the S&P 500 added 0.62%, and the Nasdaq Composite gained 1.30%.
ETF market conditions were constructive, with leveraged equity products broadly firmer while inverse exposures generally eased. Trading skewed toward high-beta themes, driving notable dispersion across single-stock vehicles.
Top 5 US ETF Gainers
Leverage Shares 2X Long AXTI Daily ETF (AXTL) surged 36.41%. The fund targets two times the daily return of compound semiconductor wafer manufacturer AXT Inc., and it rallied as the underlying shares advanced during the session.
AXT’s second-quarter results exceeded its guidance and analyst expectations, according to brokerage commentary.
Corgi AXTI 2x Daily ETF (AXTC) jumped 36.27%. The ETF seeks two times the daily move of AXT Inc., tracking the underlying shares’ upswing during the session.
T-REX 2X LONG AXTI DAILY TARGET ETF (AXTU) climbed 35.92%. This product amplifies, by two times, daily moves in AXT Inc., and it gained on the same upward impulse.
Tradr 2X Long AXTI Daily ETF (AXTX) added 35.15%. Designed to deliver two times the daily performance of AXT Inc., the vehicle advanced as the stock remained firm.
T-REX 2X Long SpaceX Daily Target ETF (SPAX) rose 31.92%. The product magnifies, by two times, daily moves in aerospace and satellite launch provider SpaceX, and it increased as the underlying exposure firmed.
Top 5 US ETF Losers
Amana Developing World ETF (AMEM) sank 53.21%. The fund invests in Shariah-compliant emerging market equities, and the decline reflected weakness across its constituent holdings.
Corgi LASR 2x Daily ETF (LASC) tumbled 47.98%. The fund targets two times the daily return of industrial laser manufacturer nLIGHT Inc., and it fell as the underlying shares retreated.
T-Rex 2X Long TTD Daily Target ETF (TTDU) slid 43.90%. The ETF seeks two times the daily performance of digital advertising platform The Trade Desk, and it declined as the stock weakened.
The Trade Desk reported revenue and guidance that missed expectations, and several brokerages cut ratings or price targets.
GraniteShares 2x Short SpaceX Daily ETF (SNK) fell 31.98%. The vehicle provides two times inverse exposure to SpaceX, and it dropped as the underlying strengthened.
TRADR 2X SHRT SPACEX DAILY ETF (SPCG) declined 31.77%. The fund seeks two times the inverse of SpaceX, and it slid as the underlying firmed.
Top 5 Equity Index ETFs
ProShares UltraPro QQQ (TQQQ) gained 3.39%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index’s intraday strength.
Direxion Daily Small Cap Bull 3x Shares (TNA) advanced 3.26%. This vehicle seeks three times the daily move of the Russell 2000, and it rose alongside small-cap momentum.
Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) added 2.91%. The fund aims for three times the daily return of the MSCI Emerging Markets Index, and it climbed as emerging equities firmed.
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) increased 2.76%. The ETF focuses on CSI 500 small-cap China A-shares, and it tracked the benchmark’s advance.
Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) rose 2.39%. The product targets two times the daily performance of the CSI 300, and it participated in the index’s gain.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) jumped 13.97%. The fund seeks two times the daily performance of gold mining equities, and it rallied with strength across miners.
VanEck Junior Gold Miners ETF (GDXJ) advanced 7.51%. The ETF concentrates on smaller-cap gold producers and explorers, and it benefited from sector momentum.
VanEck Gold Miners ETF (GDX) climbed 7.05%. The fund holds large and mid-cap global gold miners, and the move echoed broad gains in the group.
ProShares Ultra Silver (AGQ) gained 5.97%. The ETF targets two times the daily change in silver prices, and it rose with the metal’s advance.
ProShares Ultra Gold (UGL) added 4.45%. The fund delivers two times the daily move in gold prices, and it increased alongside the metal.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.99%. The fund seeks three times the daily performance of U.S. semiconductor manufacturers, and it rallied with the chip cohort.
SPDR S&P Metals & Mining ETF (XME) rose 4.88%. The ETF focuses on U.S. metals and mining equities, and it climbed with broad materials strength.
VanEck Uranium and Nuclear ETF (NLR) advanced 3.47%. The fund centers on companies tied to uranium production and nuclear energy, and it gained amid interest in the theme.
ProShares Ultra Materials (UYM) increased 2.98%. This product targets two times the daily performance of the U.S. materials sector, and it added alongside the group’s advance.
Invesco Solar ETF (TAN) climbed 2.93%. The ETF concentrates on global solar energy manufacturers and installers, and it participated in the day’s gains.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 1.13%. The actively managed fund allocates to convertible bonds, and it benefited as the asset class firmed.
iShares Convertible Bond ETF (ICVT) added 1.01%. The ETF invests in U.S. convertible bonds, and it edged higher with broader credit strength.
First Trust Emerging Markets Local Currency Bond ETF (FEMB) gained 0.96%. The fund holds emerging-market debt denominated in local currencies, and it advanced as those bonds strengthened.
SPDR Bloomberg Convertible Securities ETF (CWB) increased 0.95%. The product holds U.S. convertible securities, and it moved higher in line with the segment.
VanEck Preferred Securities ex Financials ETF (PFXF) rose 0.84%. The ETF focuses on preferreds issued outside the financial sector, and it gained as credit conditions remained supportive.
Conclusion
A risk-on tone prevailed across ETFs, with leveraged single-stock funds tied to AXT Inc. dominating gains while long exposure to The Trade Desk lagged. Strength in semiconductors and materials coincided with a powerful rebound in gold miners, and double-leveraged commodity products participated. The session also saw inverse SpaceX products retreat as long counterparts firmed, highlighting sharp dispersion between leveraged longs and their bearish peers linked to the same exposures. Bond and convertible vehicles advanced modestly, reflecting a constructive backdrop across risk assets covered above.
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