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.
Oil and gas ETFs that have their price action tied to crude oil futures are watching closely if oil can break back above its 200-day moving average for the first time August 1.
After pulling back significantly in recent days, crude oil and crude ETFs are surging higher on Monday, amid growing concerns over gas supply from Russia and a drop in the dollar, which is helping to overshadow demand worries related to a potential recession, and China lockdowns related to the coronavirus.
DRIP is a double-short oil ETF, but its Index does not match 2X returns of the nearby NYMEX futures contract nor SCO, another double-short ETF. Learn more here.