5 Inverse Tech ETFs That Rose on Nasdaq Entry Into Correction

zacks2023-10-30

The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2379580407?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-30 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2379580407","market":"us","top_or_hot":-1,"title":"5 Inverse Tech ETFs That Rose on Nasdaq Entry Into Correction","media":"zacks","content":"<div>\n<p>The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/2174630/5-inverse-tech-etfs-that-rose-on-nasdaq-entry-into-correction\">Source Link</a>\n\n</div>\n","source":"zacks_fund_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Inverse Tech ETFs That Rose on Nasdaq Entry Into Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Inverse Tech ETFs That Rose on Nasdaq Entry Into Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-30 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/2174630/5-inverse-tech-etfs-that-rose-on-nasdaq-entry-into-correction><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/2174630/5-inverse-tech-etfs-that-rose-on-nasdaq-entry-into-correction\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://www.zacks.com/stock/news/2174630/5-inverse-tech-etfs-that-rose-on-nasdaq-entry-into-correction","article_id":"2379580407","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2379580407","pubTimestamp":1698638400,"sourceInfo":{"source_id":"zacks_fund_highlight","name":"Zacks"},"weMediaInfo":null,"summary":").Facebook’s parent company Meta Platforms reported its most profitable quarter in years and the highest quarterly revenues since going public more than a decade ago. The third-quarter results are the strongest since Mark Zuckerberg rebranded the company from Facebook to Meta almost two years ago. However, META shares fell on the company’s warning of weaker advertising trends in the fourth quarter. Microsoft shares also dropped 3% despite the better-than-expected results and an upbeat revenue outlook for the current quarter.Amazon climbed nearly 7% after third-quarter earnings tripled from the year-ago quarter. The e-commerce platform bucked the recent trend of slowing growth in its computing business .Daily Dow Jones Internet Bear 3X Shares      –","collect":0,"end_time":0,"defaultTopTitle":"zacks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4504":"桥水持仓","LU0171293334.USD":"贝莱德英国基金A2","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4514":"搜索引擎","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","GGLS":"Direxion Daily GOOGL Bear 1X Shares","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4581":"高盛持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","GOOGL":"谷歌A","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","GOOG":"谷歌","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","MSFT":"微软","FDN":"First Trust Dow Jones Internet I","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TTTN":"老虎中美互联网巨头ETF","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4503":"景林资产持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4574":"无人驾驶","LU0080751232.USD":"富达环球多元动力基金A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4573":"虚拟现实","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc"},"translate_title":"纳斯达克进入回调时上涨的5只反向科技ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GGLS":1,"TTTN":0.9,"GOOGL":0.9,"GOOG":0.9,"MSFT":0.89,"FDN":0.79},"content_text":"The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year history. The so-called \"Magnificent Seven\" failed to reassure investors in the face of heightened geopolitical risks and rising Treasury yields.This resulted in a spike in inverse or inverse leveraged tech/Nasdaq ETFs as these fetch outsized returns on quick market turns in a short span. The ETFs that spiked are Daily Dow Jones Internet Bear 3X Shares (WEBS Quick QuoteWEBS  -  Free Report)    , Direxion Daily GOOGL Bear 1X Shares ETF GGLS, Direxion Daily Semiconductor Bear 3x Shares (SOXS Quick QuoteSOXS  -  Free Report)    , ProShares UltraPro Short QQQ (SQQQ Quick QuoteSQQQ  -  Free Report)    , and BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD Quick QuoteFNGD  -  Free Report)    .These products either create a short position or a leveraged short position in the underlying index through the use of swaps, options, future contracts and other financial instruments.The \"Magnificent Seven\" stocks that powered this year's rally have wiped off $386 billion from their market capitalization after reporting disappointing earnings. Four of the seven stocks — Microsoft (MSFT Quick QuoteMSFT  -  Free Report)    , Alphabet (GOOG Quick QuoteGOOG  -  Free Report)    , (GOOGL Quick QuoteGOOGL  -  Free Report)    , Tesla (TSLA Quick QuoteTSLA  -  Free Report)     and Meta Platforms (META Quick QuoteMETA  -  Free Report)     — slumped after their earnings announcement, while Amazon (AMZN Quick QuoteAMZN  -  Free Report)     was the bright spot. The other two stocks, Apple (AAPL Quick QuoteAAPL  -  Free Report)     and Nvidia (NVDA Quick QuoteNVDA  -  Free Report)    , are yet to report.In particular, Alphabet erased almost $180 billion in market value after the company’s Cloud unit revenues trailed analyst estimates despite beating the Zacks Consensus Estimate. Tesla’s value shrank by $72 billion in one day after the electric automaker posted its lowest profit in two years (read: Alphabet ETFs: Should You Buy the Dip?).Facebook’s parent company Meta Platforms reported its most profitable quarter in years and the highest quarterly revenues since going public more than a decade ago. The third-quarter results are the strongest since Mark Zuckerberg rebranded the company from Facebook to Meta almost two years ago. However, META shares fell on the company’s warning of weaker advertising trends in the fourth quarter. Microsoft shares also dropped 3% despite the better-than-expected results and an upbeat revenue outlook for the current quarter.Amazon climbed nearly 7% after third-quarter earnings tripled from the year-ago quarter. The e-commerce platform bucked the recent trend of slowing growth in its computing business (read: Amazon Q3 Earnings Triple YoY: ETFs to Tap).Daily Dow Jones Internet Bear 3X Shares (WEBS Quick QuoteWEBS  -  Free Report)     – Up 11.8%Daily Dow Jones Internet Bear 3X Shares provides a three-times inverse play on the Internet corner of the broad technology sector by tracking the Dow Jones Internet Composite Index. Daily Dow Jones Internet Bear 3X Shares has attracted $38.4 million in its asset base and charges 95 bps in annual fees. The ETF sees an average daily volume of about 412,000 shares.Direxion Daily GOOGL Bear 1X Shares ETF (GGLS) – Up 10%Direxion Daily GOOGL Bear 1X Shares ETF offers inverse exposure to the performance of the Class A shares of Alphabet. It has accumulated $2 million in its asset base and charges 95 bps in annual fees. The fund trades in an average daily volume of 27,000 shares.Direxion Daily Semiconductor Bear 3x Shares (SOXS Quick QuoteSOXS  -  Free Report)     – Up 8.1%Direxion Daily Semiconductor Bear 3x Shares targets the semiconductor corner of the technology sector with three times inverse leveraged exposure to the ICE Semiconductor Index. Direxion Daily Semiconductor Bear 3x Shares has amassed about $834.1 million in its asset base while charging 89 bps in fees per year. Volume is good as it exchanges 66.7 million shares per day on average.ProShares UltraPro Short QQQ (SQQQ Quick QuoteSQQQ  -  Free Report)     – Up 7.9% ProShares UltraPro Short QQQ provides three times inverse exposure to the daily performance of the Nasdaq-100 Index, charging 95 bps in annual fees. It has AUM of $4.2 billion and trades in an average daily volume of about 123 million shares.BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD Quick QuoteFNGD  -  Free Report)     – Up 6.5%BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN seeks to offer three times inverse leveraged exposure to the NYSE FANG+ Index, an equal-dollar weighted index, targeting the highly-traded growth stocks of next-generation technology and tech-enabled companies in the technology and consumer discretionary sectors.BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN has accumulated $254.6 million in its asset base. It charges 95 bps in annual fees and trades in an average daily volume of 9 million shares.Bottom LineWhile the strategy is highly beneficial for short-term traders, it could lead to huge losses compared with traditional funds in fluctuating markets. Due to their compounding effect, investors can enjoy higher returns in a short period of time, provided the trend remains a friend (see: all the Inverse Equity ETFs here).Further, their performance could vary significantly from the actual performance of the underlying index over a longer period compared to a shorter period (such as weeks or months).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2379580407"}