Market Overview
On Thursday Sep 17, the Dow Jones Industrial Average added 0.61%, the S&P 500 increased 1.14%, and the Nasdaq Composite advanced 1.69%.
ETF trading skewed risk-on, with leveraged long products broadly firmer and inverse vehicles generally under pressure. Cross-asset participation improved, reflecting constructive breadth across equities and commodities.
Top 5 US ETF Gainers
Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) surged 45.72%. The product blends bitcoin and U.S. Treasuries in an after-hours allocation, and it rallied in line with its mixed exposure.
Tradr 2X Long TEM Daily ETF (TEMT) jumped 28.92%. The ETF seeks two times the daily move of healthcare AI and genomics firm Tempus AI, tracking the underlying shares’ advance during the session.
Tempus AI received U.S. agency support for a cardiology AI agent and outlined plans to build a large multimodal whole-genome dataset.
T-REX 2X LONG PURR DAILY TARGET ETF (KATT) climbed 24.75%. Designed to deliver two times the daily performance of decentralized derivatives platform Hyperliquid Strategies, the ETF added as the strategy firmed intraday.
Corgi OKLO 2x Daily ETF (OKLC) gained 24.28%. The fund targets two times the daily return of advanced nuclear microreactor developer Oklo, and it rose alongside the stock’s upswing.
Defiance Daily Target 2X Long PURR ETF (PUR) advanced 24.20%. This product amplifies, by two times, daily moves in Hyperliquid Strategies, and it increased on the same upward impulse.
Top 5 US ETF Losers
Defiance Daily Target 2x Short IONQ ETF (IONZ) slid 19.69%. The vehicle seeks two times inverse exposure to quantum computing company IonQ, and it declined as the underlying shares strengthened.
IonQ introduced the Superion 256 platform and highlighted AI-assisted optimization while lifting its 2026 revenue outlook following the SkyWater acquisition.
Defiance Daily Target 2X Short SMCI ETF (SMCZ) fell 19.04%. The ETF provides two times inverse exposure to server hardware company Super Micro Computer, and it retreated as the stock firmed intraday.
Tradr 2X Short SMR Daily ETF (SMZ) dropped 18.09%. The fund offers two times inverse exposure to nuclear energy company NuScale Power, and it eased as the shares advanced.
Defiance Daily Target 2X Short QBTS ETF (QBTZ) declined 17.91%. The product delivers two times inverse exposure to quantum computing hardware developer D-Wave Quantum, and it slipped as the underlying stock strengthened.
Tradr 2X Short APLD Daily ETF (APLZ) sank 16.04%. The vehicle provides two times inverse exposure to AI data center company Applied Digital, and it moved lower as the shares firmed during the session.
Top 5 Equity Index ETFs
Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) gained 5.20%. The fund targets three times the daily performance of MSCI Emerging Markets equities, and the move mirrored the benchmark’s advance.
ProShares UltraPro QQQ (TQQQ) added 5.08%. The ETF seeks three times the daily performance of the Nasdaq-100, and it benefited from the index’s intraday strength.
iShares MSCI Turkey ETF (TUR) increased 4.20%. The fund holds large- and mid-cap Turkish equities via the MSCI Turkey framework, and it participated in the market’s upswing.
iShares MSCI South Korea ETF (EWY) advanced 3.90%. The ETF concentrates on large- and mid-cap South Korean companies represented in MSCI South Korea, and it firmed with the country’s equity benchmark.
ProShares Ultra QQQ ETF (QLD) climbed 3.44%. The vehicle targets two times the daily performance of the Nasdaq-100, and it rose alongside the index.
Top 5 Commodity ETFs
ProShares Ultra Silver (AGQ) jumped 6.97%. The fund seeks two times the daily performance of silver prices, and it rallied as the metal strengthened intraday.
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) advanced 6.80%. The ETF targets two times the daily move of the NYSE Arca Gold Miners Index, and it climbed with miners’ strength during the session.
VanEck Junior Gold Miners ETF (GDXJ) rose 4.74%. The fund holds smaller-cap gold mining companies, and it participated in the day’s positive tone across producers.
DB GOLD DOUBLE LONG EXCH TRADED NOTES (DGP) increased 4.60%. The note provides two times long exposure to gold, and it gained as bullion firmed.
DB GOLD SHORT ETN (DGZ) added 3.74%. The instrument delivers inverse exposure to gold, and it rose as bullion softened.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 10.44%. The fund targets three times the daily performance of U.S. semiconductor equities and benefited from broad-based sector strength.
Invesco Solar ETF (TAN) increased 3.90%. The ETF focuses on solar equipment makers and developers, and it participated in the day’s industry gains.
VanEck Uranium and Nuclear ETF (NLR) climbed 2.99%. The fund holds uranium miners and nuclear-focused energy names, and it advanced with the group’s positive bias.
VanEck Semiconductor ETF (SMH) added 2.76%. The vehicle concentrates on large semiconductor manufacturers and joined the sector’s upward move.
SPDR S&P Metals & Mining ETF (XME) gained 2.34%. The fund covers U.S. metals and mining companies, and it tracked the industry’s firmer tone.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) increased 1.33%. The fund invests in convertible bonds through a strategic allocation, and it firmed alongside risk assets.
VanEck Preferred Securities ex Financials ETF (PFXF) advanced 1.25%. The ETF focuses on preferred securities issued outside the financial sector, and it gained amid a stable credit backdrop.
SPDR Bloomberg Convertible Securities ETF (CWB) rose 1.16%. The fund tracks a broad basket of U.S. convertible bonds, and it participated in the session’s constructive tone.
iShares 20+ Year Treasury Bond ETF (TLT) added 1.11%. The vehicle owns long-duration U.S. Treasuries, and it climbed as rates eased during the day.
SPDR Portfolio Long Term Treasury ETF (SPTL) gained 1.01%. The fund holds long-term U.S. Treasury securities, and it advanced in step with the duration trade.
Conclusion
Risk appetite improved across ETFs, with leveraged single-stock products leading upside and inverse counterparts broadly under pressure. Semiconductor vehicles stood out among industry exposures, while silver and gold-related funds were also active. Index-linked leverage concentrated in Nasdaq-focused products, and long-duration Treasury funds firmed to round out cross-asset participation. Dispersion remained pronounced between leveraged long strategies and their inverse peers tied to the same underlyings, highlighting the day’s leverage-driven dynamics.
Read More: SPY, VOO, and IVV: The Definitive Guide to America's Three Most Popular S&P 500 ETFs
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