Market Overview
On Friday, Jul 24, the Dow Jones Industrial Average added 0.46%, the S&P 500 rose 0.05%, and the Nasdaq Composite fell 0.64%.
ETF market breadth was defensive, with inverse and short products broadly firmer while leveraged long single-stock funds lagged. Index hedges gained as technology benchmarks weakened.
Top 5 US ETF Gainers
Tradr 2X Short BE Daily ETF (BEZ) surged 30.77%. The vehicle seeks two times the inverse of solid-oxide fuel cell manufacturer Bloom Energy Corporation, and it advanced as the underlying shares weakened intraday.
Tradr 2X Short NBIS Daily ETF (NBIZ) jumped 30.26%. The product magnifies, by two times, daily inverse moves in AI cloud infrastructure provider Nebius Group, and it gained as the shares eased during the session.
T-REX 2X INVERSE CRWV DAILY TARGET ETF (CORD) advanced 22.88%. The vehicle provides two times inverse exposure to cloud infrastructure company CoreWeave, and it rose as the underlying exposure softened.
Tradr 2X Short SNDK Daily ETF (SNDQ) climbed 22.12%. The fund targets two times the inverse daily return of flash memory company SanDisk, and it moved higher as the stock slid.
Tradr 2X Short AAOI Daily ETF (AAOZ) added 20.79%. Designed to deliver two times the inverse performance of photonic chip company Applied Optoelectronics, the ETF rallied as the underlying shares retreated.
Top 5 US ETF Losers
Corgi NBIS 2x Daily ETF (NBIC) retreated 31.07%. The fund seeks two times the daily move of Nebius, and it declined as the shares fell.
GraniteShares 2x Long NBIS Daily ETF (NBIL) sank 30.15%. The ETF targets two times the daily performance of Nebius and slumped alongside the stock's pullback.
Leverage Shares 2X Long NBIS Daily ETF (NBIG) dropped 30.09%. This product amplifies, by two times, daily moves in Nebius, and it slid with the continued weakness in the underlying shares.
Tradr 2X Long BE Daily ETF (BEX) fell 29.81%. The fund delivers two times daily exposure to Bloom Energy and declined as the stock weakened.
Leverage Shares 2X Long BE Daily ETF (BEG) declined 29.72%. The vehicle seeks two times the daily move of Bloom Energy, and it dropped on the same downward impulse.
Top 5 Equity Index ETFs
ProShares UltraPro Short QQQ (SQQQ) gained 3.51%. The ETF targets three times the inverse daily performance of the Nasdaq-100 and rose as the index weakened.
ProShares UltraShort QQQ (QID) added 2.29%. The fund provides two times inverse exposure to the Nasdaq-100 and benefited from the index's decline.
iShares MSCI Sweden ETF (EWD) advanced 1.41%. The fund holds large- and mid-cap Swedish equities, and the move mirrored strength in that market.
iShares MSCI Germany ETF (EWG) increased 1.31%. The portfolio invests in large- and mid-cap German shares, participating in the day's gains.
ProShares UltraPro Dow30 ETF (UDOW) rose 1.29%. The vehicle targets three times the daily return of the Dow Jones Industrial Average and climbed as the blue-chip index advanced.
Top 5 Commodity ETFs
VanEck Oil Services ETF (OIH) advanced 2.27%. The fund focuses on oilfield services and equipment companies, tracking the industry's move during the session.
ProShares Ultra Silver (AGQ) gained 2.16%. The product seeks two times the daily performance of silver, and it rose as the metal firmed.
iShares Silver Trust (SLV) added 1.02%. The trust holds physical silver bullion, and the gain reflected firmer prices.
ProShares Ultra Energy (DIG) increased 1.00%. The fund delivers two times daily exposure to U.S. energy equities and participated in sector strength.
ProShares UltraShort Bloomberg Crude Oil (SCO) rose 0.71%. The ETF provides two times inverse exposure to Bloomberg crude oil futures and advanced as crude prices eased.
Oil prices eased on reports of possible renewed talks between the United States and Iran.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bear 3x Shares (SOXS) jumped 13.33%. The fund offers three times inverse exposure to U.S. semiconductor equities and rallied as the chip cohort weakened.
Direxion Daily Real Estate Bull 3X Shares (DRN) climbed 6.40%. The vehicle seeks three times the daily performance of U.S. real estate equities and gained with the sector's advance.
ProShares Ultra Materials (UYM) added 3.61%. The ETF provides two times daily exposure to U.S. materials companies and moved higher alongside the group.
iShares U.S. Home Construction ETF (ITB) increased 2.70%. The portfolio concentrates on U.S. homebuilders and related suppliers, and it advanced with the industry's rise.
Direxion Daily Financial Bull 3x Shares (FAS) rose 2.50%. The product targets three times daily exposure to U.S. financials and benefited from broad-based gains across banks and insurers.
Top 5 Bond ETFs
Infracap REIT Preferred ETF (PFFR) gained 0.85%. The fund invests in preferred securities issued by U.S. real estate investment trusts, and it edged higher alongside the preferred market.
SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) advanced 0.44%. The portfolio holds emerging-market sovereign debt in local currencies, and it firmed during the session.
First Trust Emerging Markets Local Currency Bond ETF (FEMB) added 0.38%. The fund targets local-currency emerging-market bonds and posted a modest gain.
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) rose 0.35%. The vehicle invests in emerging-market government bonds denominated in local currencies and ticked higher.
iShares National Muni Bond ETF (MUB) increased 0.28%. The fund tracks investment-grade U.S. municipal bonds and moved slightly higher.
Conclusion
Inverse single-stock products led the day’s flows and performance, with vehicles tied to Bloom Energy, Nebius, and CoreWeave outpacing broad markets while their leveraged long counterparts slumped. Semiconductor bears and Nasdaq-100 hedges also firmed, contrasting with gains across real estate, materials, and homebuilding exposures. Commodities were mixed as energy-related equities advanced and crude’s inverse fund edged higher alongside strength in silver products. Bond ETFs posted steady, incremental gains, led by preferreds and emerging-market local currency debt. Dispersion remained elevated between leveraged longs and inverse exposures across the products highlighted above.
