Market Overview
On Tuesday Sep 08, the Dow Jones Industrial Average fell 1.18%, the S&P 500 declined 0.58%, and the Nasdaq Composite slipped 0.32%.
ETF market tone skewed risk-aware as inverse equity and China-focused products gained traction while energy-linked funds firmed alongside crude.
Top 5 US ETF Gainers
21Shares Polkadot ETF (TDOT) advanced 41.65%. The fund offers unlevered exposure to the cryptocurrency Polkadot, and the move coincided with gains in the token during the session.
Corgi SMR 2x Daily ETF (SMRX) jumped 32.29%. The product magnifies, by two times, daily moves in nuclear energy company NuScale Power, and it climbed on the same upward impulse.
NuScale Power drew attention after the United States, Japan and South Korea agreed to cooperate on small modular reactors and the company discussed an earnings update and nuclear-focused AI efforts.
T-Rex 2X Long SMR Daily Target ETF (SMUP) rose 30.19%. Designed to deliver two times the daily performance of NuScale Power, the ETF advanced as the underlying shares firmed.
Tradr 2X Long SMR Daily ETF (SMU) added 29.92%. The vehicle seeks two times the daily return of NuScale Power and rallied alongside the stock’s upswing.
Corgi LITE 2x Daily ETF (LITC) gained 21.73%. The fund targets two times the daily return of optical components manufacturer Lumentum, and it increased as the underlying shares advanced.
Top 5 US ETF Losers
Tradr 2X Short SMR Daily ETF (SMZ) declined 30.32%. The vehicle seeks two times inverse exposure to NuScale Power, and it fell as the underlying stock strengthened intraday.
Tradr 2X Short AXTI Daily ETF (AXTQ) dropped 25.01%. This product targets two times inverse moves in semiconductor wafer producer AXT, and it slid as the shares advanced.
T-REX 2X INVERSE CRWV DAILY TARGET ETF (CORD) decreased 23.46%. The fund provides two times inverse exposure to cloud infrastructure company CoreWeave, and it retreated as the underlying firmed.
Tradr 2X Short LITE Daily ETF (LITZ) fell 21.79%. The ETF offers two times inverse exposure to Lumentum Holdings, and it sank as the stock advanced.
Tradr 2X Short BE Daily ETF (BEZ) sank 20.25%. The product delivers two times inverse exposure to solid-oxide fuel cell manufacturer Bloom Energy, and it declined as the shares firmed.
Top 5 Equity Index ETFs
Direxion Daily FTSE China Bear 3X Shares (YANG) rose 7.50%. The fund targets three times inverse daily performance of large-cap Chinese equities represented by the FTSE China 50, and the gain reflected weakness in the underlying market.
ProShares UltraPro Short Dow30 ETF (SDOW) increased 3.42%. The ETF seeks three times inverse exposure to the Dow Jones Industrial Average, and it benefited as the blue-chip index eased.
iShares MSCI Turkey ETF (TUR) advanced 3.16%. The fund holds a broad basket of Turkish equities, and the move mirrored gains in the MSCI Turkey benchmark during the session.
ProShares UltraShort FTSE China 50 (FXP) added 3.05%. The product provides two times inverse exposure to the FTSE China 50, and it rose as Chinese equities softened.
ProShares Short FTSE China 50 (YXI) gained 2.50%. This unlevered inverse vehicle targets the FTSE China 50 and firmed in step with the index’s decline.
Top 5 Commodity ETFs
ProShares Ultra Bloomberg Crude Oil (UCO) climbed 4.33%. The fund targets two times the daily move in West Texas Intermediate crude oil prices, and it rallied amid a rise in oil benchmarks.
Oil prices advanced as geopolitical tensions in the Middle East escalated and energy headlines pointed to multimonth highs for crude.
ProShares UltraShort Gold (GLL) advanced 3.57%. The ETF offers two times inverse exposure to gold bullion, and it gained as the metal softened.
United States Oil Fund LP (USO) rose 2.87%. The vehicle tracks front-month WTI crude oil futures, and it moved higher alongside crude’s strength.
PROSHARES ULTRA ENERGY (DIG) increased 2.37%. The fund seeks two times daily performance of U.S. energy equities and benefited as the sector firmed.
DB Gold Double Short Exchange Traded Notes (DZZ) gained 2.37%. The note provides two times inverse exposure to gold prices, and it advanced as bullion eased.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) jumped 5.11%. The fund targets three times the daily performance of large semiconductor manufacturers and participated in the day’s strength across chip-related names.
Direxion Daily Financial Bear 3x Shares (FAZ) advanced 4.21%. The ETF provides three times inverse exposure to U.S. financial stocks and rose as the group weakened.
VanEck Uranium and Nuclear ETF (NLR) gained 3.02%. The fund concentrates on uranium miners and nuclear-focused utilities, and it climbed alongside interest in nuclear-linked equities.
ProShares UltraShort Financials (SKF) added 2.86%. The product offers two times inverse exposure to U.S. financials and increased as bank stocks softened.
Direxion Daily Energy Bull 2x Shares (ERX) rose 2.37%. The fund seeks two times daily performance of U.S. energy companies and benefited from the sector’s intraday strength.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) advanced 1.60%. The fund invests in a diversified portfolio of global convertible securities and gained with the asset class.
SPDR Bloomberg Convertible Securities ETF (CWB) added 1.15%. The ETF tracks U.S. convertible bonds and moved higher in line with the segment.
iShares Convertible Bond ETF (ICVT) increased 1.14%. The fund holds U.S. convertible bonds and advanced with broader convertibles.
VanEck Preferred Securities ex Financials ETF (PFXF) rose 0.50%. The vehicle focuses on preferred stocks excluding financial issuers and inched higher in the session.
Schwab U.S. TIPS ETF (SCHP) edged up 0.12%. The fund holds Treasury inflation-protected securities and posted a small gain.
Conclusion
Risk appetite was selective across ETFs, with leveraged single-stock vehicles tied to NuScale Power leading advances while their inverse counterparts sank. Broader strength in oil-linked and energy equity funds contrasted with gains in China-focused inverse products, highlighting rotation into defensive index exposures. Semiconductor leverage added to upside dispersion, and financials’ inverse strategies also firmed. Bond-linked convertibles and preferreds posted moderate gains, underscoring a mixed cross-asset backdrop.
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