Market Overview
On Tuesday Jul 28, the Dow Jones Industrial Average rose 1.03%, the S&P 500 added 0.21%, and the Nasdaq Composite fell 0.22%.
ETF market breadth was mixed, with inverse products broadly firmer while some leveraged long vehicles lagged. Single-stock exposures showed pronounced dispersion.
Top 5 US ETF Gainers
Tradr 2X Short SNDK Daily ETF (SNDQ) jumped 28.97%. The vehicle seeks two times the inverse of flash memory company SanDisk, and it advanced as the underlying shares weakened during the session.
Susquehanna trimmed its price target on SanDisk while maintaining a positive view as memory-chip shares broadly softened.
Tradr 2X Short BE Daily ETF (BEZ) rose 23.39%. The fund provides two times inverse exposure to solid-oxide fuel cell manufacturer Bloom Energy, and it gained as the stock eased intraday.
Defiance Daily Target 2x Long OSCR ETF (OSCX) gained 22.73%. Designed to deliver two times the daily performance of health insurance provider Oscar Health, the ETF climbed as the underlying shares advanced.
Leverage Shares 2X Long OSCR Daily ETF (OSCG) climbed 21.62%. This product amplifies, by two times, daily moves in Oscar Health and rallied alongside the stock’s upswing.
Tradr 2X Short NBIS Daily ETF (NBIZ) advanced 19.45%. The product magnifies, by two times, the inverse of AI cloud infrastructure provider Nebius, and it increased as the underlying exposure weakened.
Top 5 US ETF Losers
Defiance Daily Target 2x Long AMKR ETF (AMKL) slid 49.96%. The fund targets two times the daily return of semiconductor packaging and testing firm Amkor Technology, and it declined as the underlying shares retreated.
Amkor Technology delivered stronger quarterly results and issued guidance while analysts adjusted price targets and assessed execution.
Corgi AMKR 2x Daily ETF (AMKX) fell 49.39%. The ETF seeks two times the daily move of Amkor Technology, tracking the underlying shares’ retreat during the session.
T-REX 2X Long TE Daily Target ETF (TEUP) dropped 29.83%. The product magnifies, by two times, daily moves in connectors and sensors manufacturer TE Connectivity, and it fell as the stock softened.
Corgi COHR 2x Daily ETF (COHC) sank 29.43%. Designed to deliver two times the daily performance of laser and optical components manufacturer Coherent, the ETF slumped as the underlying pulled back.
T-Rex 2X Long SNDK Daily Target ETF (SNDU) retreated 29.29%. The fund targets two times the daily return of SanDisk, and it slipped as the shares weakened.
Top 5 Equity Index ETFs
ProShares UltraPro Dow30 ETF (UDOW) gained 3.17%. The ETF targets three times the daily performance of the Dow Jones Industrial Average, and it benefited from the index’s intraday strength.
Direxion Daily FTSE China Bull 3X Shares (YINN) advanced 3.10%. The fund seeks three times the daily return of the FTSE China 50, and the move tracked gains across large China-focused equities.
ProShares UltraPro Short QQQ (SQQQ) rose 2.85%. The vehicle provides three times inverse exposure to the Nasdaq-100, and it firmed as the tech-heavy benchmark softened.
ProShares Ultra FTSE China 50 (XPP) increased 2.33%. The product offers two times the daily performance of the FTSE China 50, participating in the day’s China-linked advance.
Proshares Ultra Dow30 added 2.15%. The fund seeks two times the daily performance of the Dow Jones Industrial Average, and it climbed alongside the blue-chip index.
Top 5 Commodity ETFs
ProShares UltraShort Bloomberg Crude Oil (SCO) jumped 5.49%. The fund provides two times inverse exposure to Bloomberg-linked crude oil futures, and it rose as oil prices fell.
Crude oil prices weakened as markets weighed policy expectations, reinforcing softness in the commodity complex.
Proshares Ultrashort Silver climbed 4.86%. The ETF seeks two times inverse exposure to silver, and it advanced as the metal eased.
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) gained 3.70%. The product delivers two times inverse exposure to gold-mining equities, and it firmed as the group weakened.
PROSHARES ULTRASHORT ENERGY (DUG) added 2.95%. The fund provides two times inverse exposure to U.S. energy equities, and it rose as the sector softened.
ProShares UltraShort Gold (GLL) increased 2.92%. The ETF targets two times inverse exposure to gold, and it advanced as bullion slipped.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bear 3x Shares (SOXS) surged 14.68%. The fund offers three times inverse exposure to U.S. semiconductor equities, and it rallied as chipmakers fell.
PROSHARES ULTRA MATERIALS (UYM) rose 3.77%. The ETF seeks two times the daily performance of U.S. basic materials stocks, and it benefited from sector strength.
Direxion Daily Financial Bull 3x Shares (FAS) advanced 3.60%. The vehicle targets three times the daily return of large U.S. financials, and it climbed with the group.
Direxion Daily Energy Bear 2x Shares (ERY) gained 2.97%. The fund provides two times inverse exposure to U.S. energy equities, and it increased as the sector eased.
SPDR S&P Insurance ETF added 2.64%. The fund concentrates on U.S. insurance companies, and it participated in the industry’s advance.
Top 5 Bond ETFs
iShares 20+ Year Treasury Bond ETF rose 0.59%. The fund tracks U.S. Treasuries with maturities beyond 20 years, and it gained alongside long-duration bond strength.
SPDR Portfolio Long Term Treasury ETF (SPTL) advanced 0.55%. The ETF focuses on long-term U.S. Treasury securities, and it benefited as yields eased.
Infracap REIT Preferred ETF (PFFR) increased 0.51%. The vehicle holds preferred securities issued by real estate investment trusts, and it edged higher with broader preferreds.
Vanguard Long-Term Corporate Bond ETF (VCLT) gained 0.47%. The fund invests in long-term, investment-grade corporate bonds, and it firmed alongside credit benchmarks.
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) added 0.46%. The ETF targets long-duration, investment-grade corporate debt, and it advanced with the corporate bond complex.
Conclusion
Inverse themes set the tone, with single-stock bear funds and semiconductor short exposure leading gains while several leveraged long products tied to individual names saw steep declines. Index-linked bullish vehicles skewed toward blue chips and China benchmarks outperformed, and energy- and metals-related inverse commodities also firmed. Long-duration Treasuries and high-grade corporates edged higher, rounding out a defensive cross-asset bias and highlighting pronounced dispersion between leveraged longs and their inverse counterparts across products covered above.
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