Market Overview
On Thursday Sep 24, the Dow Jones fell 0.31%, the S&P 500 slipped 0.02%, and the Nasdaq added 0.01%.
ETF market tone was mixed, with leveraged single-stock products showing outsized swings while select inverse index and commodity-linked funds also firmed.
Top 5 US ETF Gainers
GraniteShares 2x Long P Daily ETF (PUL) jumped 22.66%. The fund targets two times the daily return of the data storage company Everpure, and it surged as that exposure advanced.
Everpure shares surged after the data storage company raised its fiscal 2028 outlook, citing growth opportunities from business with hyperscalers.
Canary Litecoin Etf (LTCC) climbed 16.53%. The ETF seeks unlevered exposure to Litecoin, tracking the cryptocurrency’s advance during the session.
Defiance Daily Target 2X Long PL ETF (PLU) rose 15.80%. Designed to deliver two times the daily performance of earth observation and geospatial imaging company Planet Labs, the ETF jumped as the shares climbed.
GraniteShares 2x Long NBIS Daily ETF (NBIL) added 14.79%. The product magnifies, by two times, daily moves in AI cloud infrastructure provider Nebius, and it gained on the same upward impulse.
Nebius said it plans to raise pricing for GPU cloud services, and reports indicated CoreWeave also increased rates.
Corgi NBIS 2x Daily ETF (NBIC) gained 14.72%. This product amplifies, by two times, daily moves in Nebius and rallied alongside the company’s upswing.
Top 5 US ETF Losers
Corgi EOSE 2x Daily ETF (EO) sank 22.44%. The fund targets two times the daily return of long-duration energy storage manufacturer Eos Energy Enterprises, and it tumbled as the underlying shares retreated.
Eos Energy Enterprises reported a quarterly loss, provided revenue guidance, announced plans to consolidate manufacturing at its Thorn Hill facility, and appointed a new chief commercial officer.
T-REX 2x Long EOSE Daily Target ETF (EOSU) fell 18.84%. The ETF seeks two times the daily move of Eos Energy Enterprises, tracking the underlying shares’ pullback during the session.
Leverage Shares 2X Long ARM Daily ETF (ARMG) dropped 15.66%. Designed to deliver two times the daily performance of chip architecture company Arm, the ETF slid as the shares weakened.
Tradr 2X Short NBIS Daily ETF (NBIZ) retreated 14.80%. The vehicle seeks two times the inverse of Nebius, and it declined as the underlying exposure firmed intraday.
OPPORTUNISTIC TRADER ETF (WZRD) decreased 14.43%. The fund does not employ leverage and runs an opportunistic trading strategy across liquid assets, and it fell alongside movements in its targeted exposures.
Top 5 Equity Index ETFs
Direxion Daily FTSE China Bear 3X Shares (YANG) rose 1.03%. The fund seeks three times inverse exposure to large Chinese equities in the FTSE China 50, and it advanced as the market softened.
ProShares UltraPro Short Dow30 ETF (SDOW) gained 0.95%. The ETF targets three times the inverse daily performance of the Dow Jones Industrial Average, and it moved higher as the index eased.
ProShares UltraShort FTSE China 50 (FXP) added 0.89%. The product provides two times inverse exposure to the FTSE China 50 Index, and it climbed as Chinese blue chips slipped.
iShares MSCI Spain ETF (EWP) rose 0.71%. The fund tracks large- and mid-cap Spanish equities, and the gain mirrored the MSCI Spain benchmark’s advance during the session.
ProShares UltraShort Dow30 (DXD) increased 0.56%. The ETF offers two times inverse exposure to the Dow Jones Industrial Average, and it firmed as the price-weighted gauge edged lower.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) advanced 2.89%. The fund seeks two times inverse exposure to gold mining equities, and it rose as the group softened.
United States Oil Fund LP (USO) climbed 2.86%. The vehicle tracks front-month West Texas Intermediate crude oil futures, and it rallied as oil prices strengthened.
ProShares Ultra Bloomberg Crude Oil (UCO) gained 2.24%. The ETF targets two times the daily performance of a crude oil futures benchmark, and it advanced alongside the move in oil.
Proshares Ultrashort Silver (ZSL) rose 1.88%. The fund provides two times inverse exposure to silver prices, and it increased as the metal slipped.
PROSHARES ULTRA ENERGY (DIG) added 1.02%. The product targets two times the daily performance of U.S. energy equities, and it participated in the sector’s strength.
Top 5 Industry ETFs
United States Natural Gas Fund LP (UNG) jumped 6.26%. The fund tracks front-month natural gas futures, and it rallied as gas prices advanced.
PROSHARES ULTRASHORT MATERIALS (SMN) advanced 2.03%. The ETF seeks two times inverse exposure to U.S. materials equities, and it rose as the sector softened.
Direxion Daily Real Estate Bear 3X Shares (DRV) increased 1.61%. The product targets three times inverse exposure to U.S. real estate stocks, and it gained as the group eased.
iShares Biotechnology ETF (IBB) rose 1.28%. The fund concentrates on U.S. biotechnology companies, and it moved with the industry’s intraday gains.
ProShares UltraShort Real Estate (SRS) added 0.96%. The ETF seeks two times inverse exposure to U.S. real estate equities, and it firmed as the property sector weakened.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) edged up 0.17%. The fund invests in convertible bonds, and the gain reflected the segment’s firm tone.
iShares Floating Rate Bond ETF (FLOT) rose 0.06%. The product holds U.S. investment-grade floating-rate notes, and it inched higher with steady credit conditions.
iShares Core International Aggregate Bond ETF (IAGG) increased 0.04%. The fund tracks non-U.S. investment-grade bonds across developed markets, and it was marginally higher in the session.
SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) added 0.03%. The ETF invests in investment-grade floating-rate notes, and it ticked up alongside peers.
Invesco Ultra Short Duration ETF (GSY) rose 0.02%. The fund targets ultra-short duration investment-grade debt, and it finished modestly higher.
Conclusion
ETF flows reflected a cautious but active tone, with leveraged single-stock products dominating both the outperformers and laggards while inverse index vehicles also posted gains. Energy and natural gas exposures led among commodities and industry groups, and inverse real estate and materials funds firmed. Cross-asset leadership leaned toward oil and gas alongside selective equity hedges, and dispersion remained pronounced between leveraged longs and their inverse counterparts tied to the same underlyings. The day’s moves underscored ongoing rotation across thematic tech, energy, and defensives within the ETF landscape.
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