Top Performing Leveraged/Inverse ETFs: 08/16/2020
August 17, 2020 at 17:05 PM EDT
These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. While the Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) claimed this past week’s top slot for returns, it’s daily investors with opinions on the far future U.S. T-bill rate that are the real winners. Investors betting both for, with the UltraPro Short 20+ Year Treasury ETF (TTT), and against the 20 year rate with the Direxion Daily 20-Year Treasury Bear 3X ETF (TMV) had returns over 12% last week. Direxion sector funds also had a strong week, those investors betting against an equity angle in Gold miners (the Direxion Daily Gold Miners Bear 2X Shares (DUST)).