Market Overview
On Friday Oct 30, the Dow Jones fell 1.09%, the S&P 500 declined 1.82%, and the Nasdaq dropped 2.86%.
ETF trading reflected a risk-off posture, with leveraged inverse products broadly firmer while long exposure softened.
Top 5 US ETF Gainers
Tradr 2X Short SNDK Daily ETF (SNDQ) surged 27.24%. The vehicle seeks two times the inverse of flash memory company SanDisk, and it advanced as the underlying shares softened.
SanDisk’s quarterly results topped estimates while a reduced price target and sector pressure weighed on sentiment.
Tradr 2X Short AAOI Daily ETF (AAOZ) jumped 26.97%. The fund provides two times inverse exposure to photonic chip company Applied Optoelectronics, and it climbed as the underlying shares eased.
Direxion Daily Semiconductors Bear 3x Shares (SOXS) advanced 24.95%. The ETF targets three times inverse daily performance of U.S. semiconductor equities, and it rallied as the group retreated.
Tradr 2X Short COHR Daily ETF (COHQ) gained 23.88%. This product delivers two times inverse daily moves in laser and photonics manufacturer Coherent Corp., and it rose as the underlying stock weakened.
GraniteShares 2x Short COIN Daily ETF (CONI) climbed 21.93%. Designed to deliver two times the inverse of cryptocurrency exchange Coinbase, the ETF advanced as the underlying exposure softened intraday.
Top 5 US ETF Losers
GraniteShares 2x Long RDDT Daily ETF (RDTL) plunged 59.03%. The fund targets two times the daily return of social media platform Reddit, and it slumped as the underlying shares retreated.
Reddit’s third-quarter results beat expectations but a softer fourth-quarter revenue outlook and analyst caution pressured the shares.
GraniteShares 2X Long INTC Daily ETF (INTW) sank 57.78%. The ETF seeks two times the daily move of semiconductor manufacturer Intel, tracking the underlying shares’ pullback during the session.
Corgi INTC 2x Daily ETF (INT) dropped 57.22%. This product amplifies, by two times, daily moves in Intel and fell alongside the company’s pullback.
Direxion Daily INTC Bull 2X ETF (LINT) slid 56.99%. The vehicle targets two times the daily performance of Intel, and it declined as the stock weakened.
Corgi RDDT 2x Daily ETF (RDDC) fell 56.89%. Designed to deliver two times the daily return of Reddit, the ETF dropped as the underlying shares retreated.
Top 5 Equity Index ETFs
ProShares UltraPro Short QQQ (SQQQ) rose 10.57%. The fund targets three times the inverse daily performance of the Nasdaq-100, and it advanced as the index declined.
ProShares UltraShort QQQ (QID) gained 7.10%. The ETF seeks two times inverse exposure to the Nasdaq-100, and the move mirrored the benchmark’s weakness.
ProShares UltraPro Short S&P500 ETF (SPXU) added 5.42%. The product provides three times inverse daily exposure to the S&P 500, and it climbed as the broad index slipped.
Direxion Daily Small Cap Bear 3X Shares (TZA) increased 4.98%. The fund delivers three times inverse daily performance of U.S. small-cap equities, benefiting from the group’s retreat.
Proshares Ultrashort S&P500 (SDS) advanced 3.67%. The ETF seeks two times inverse daily exposure to the S&P 500, and the gain reflected the index’s downward move.
Top 5 Commodity ETFs
Proshares Ultrashort Silver (ZSL) jumped 11.44%. The fund targets two times inverse daily exposure to silver prices, and it rallied as the metal softened.
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) climbed 10.59%. The ETF provides two times inverse daily exposure to gold-mining equities, and it advanced as the group weakened.
ProShares UltraShort Gold (GLL) gained 7.06%. This product delivers two times inverse daily moves in gold, and it rose as bullion eased.
PROSHARES ULTRA ENERGY (DIG) increased 3.53%. The fund targets two times the daily performance of U.S. energy equities, and it benefited from the sector’s firm tone.
VanEck Oil Services ETF (OIH) added 0.90%. The vehicle concentrates on oilfield services and equipment companies, and it participated in the day’s modest strength.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bear 3x Shares (SOXS) surged 24.95%. The ETF targets three times inverse daily performance of semiconductor equities, and it rallied as chip names fell.
Direxion Daily Energy Bull 2X ETF (ERX) rose 3.62%. The fund seeks two times the daily performance of U.S. energy stocks, and it climbed with the sector’s intraday strength.
Direxion Daily Financial Bear 3X ETF (FAZ) advanced 2.17%. The product provides three times inverse daily exposure to U.S. financials, and it increased as the group eased.
Energy Select Sector SPDR Fund (XLE) gained 1.91%. The ETF holds large-cap U.S. energy companies, and it added alongside sector firmness.
ProShares UltraShort Financials (SKF) rose 1.64%. The vehicle targets two times inverse daily exposure to U.S. financial stocks, and it firmed as the sector weakened.
Top 5 Bond ETFs
iShares 7-10 Year Treasury Bond ETF (IEF) increased 0.56%. The fund holds intermediate U.S. Treasury notes in the 7–10 year bucket, and it climbed with strength in that duration.
SPDR Portfolio Long Term Treasury ETF (SPTL) added 0.50%. The ETF focuses on long-duration U.S. Treasury bonds, and the move mirrored gains across longer maturities.
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) rose 0.46%. The fund holds intermediate U.S. Treasury maturities, and it advanced as that segment firmed.
Vanguard Intermediate-Term Treasury ETF (VGIT) gained 0.43%. The vehicle invests in mid-duration U.S. Treasury issues, and it participated in the session’s bond bid.
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) climbed 0.43%. The ETF holds intermediate U.S. Treasury bonds, and it rose alongside strength in Treasuries.
Conclusion
Risk-off dynamics led ETF flows, with inverse single-stock products and semiconductor bears posting outsized gains as leveraged longs tied to Reddit and Intel slumped. Index inverses tied to the Nasdaq-100 and S&P 500 firmed, while commodity shorts in silver and gold also advanced. Treasury vehicles recorded modest, broad-based gains across intermediate and long maturities, highlighting pronounced dispersion between leveraged longs and their inverse counterparts covered above.
Read More: As Tech Stocks Turn Volatile, Why Are Investors Turning to Dividend ETFs?
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