Market Overview

On Monday, Aug 24, the Dow Jones added 0.26% while the S&P 500 slipped 0.28% and the Nasdaq fell 0.76%.

ETF market tone was defensive, with inverse and bear-oriented products firmer as growth-led exposures softened and long-leveraged products lagged.

Top 5 US ETF Gainers

Tradr 2X Short AAOI Daily ETF (AAOZ) jumped 27.44%. The vehicle seeks two times the inverse of photonic chip company Applied Optoelectronics, and it advanced as the underlying shares weakened.

Applied Optoelectronics faced selling pressure tied to an equity distribution plan.

Defiance Daily Target 2X Short ASTS ETF (ASTN) climbed 18.62%. This product provides two times inverse exposure to satellite-to-cellular communications developer AST SpaceMobile, and it gained as the stock eased.

Tradr 2X Short AXTI Daily ETF (AXTQ) added 17.27%. Designed to deliver two times the inverse daily performance of compound semiconductor substrate manufacturer AXT, the ETF gained as the shares fell.

Defiance Daily Target 2x Short IONQ ETF (IONZ) rose 16.60%. The fund targets two times inverse daily moves in quantum computing company IonQ, and it increased as the underlying softened.

Defiance Daily Target 2X Short RGTI ETF (RGTZ) advanced 16.55%. The product magnifies, by two times, inverse daily moves in quantum computing company Rigetti Computing, and it rallied as the stock retreated.

Top 5 US ETF Losers

Leverage Shares 2X Long AAOI Daily ETF (AAOG) sank 27.68%. The ETF seeks two times the daily move of Applied Optoelectronics, tracking the underlying shares’ retreat during the session.

Tradr 2x Long Aaoi Daily Etf (AAOX) slid 27.49%. This fund targets two times the daily return of Applied Optoelectronics, and it slumped as the stock weakened intraday.

Defiance Daily Target 2X Long UMAC ETF (UMAL) dropped 21.44%. Designed to deliver two times the daily performance of drone technology company Unusual Machines, the ETF fell as the underlying slid.

Corgi EOSE 2x Daily ETF (EO) declined 20.34%. The fund amplifies, by two times, the daily return of long-duration energy storage manufacturer Eos Energy Enterprises, and it declined as the shares fell.

T-REX 2x Long EOSE Daily Target ETF (EOSU) retreated 18.66%. This vehicle delivers two times daily exposure to Eos Energy Enterprises, and it retreated alongside the underlying weakness.

Top 5 Equity Index ETFs

ProShares UltraPro Short QQQ (SQQQ) gained 3.00%. The fund targets three times the inverse daily performance of the Nasdaq-100, and it advanced as the megacap-heavy benchmark weakened.

Direxion Daily FTSE China Bear 3X Shares (YANG) rose 2.68%. This product seeks three times inverse exposure to large-cap Chinese equities under the FTSE China 50 framework, and it gained as the segment slipped.

Direxion Daily Small Cap Bear 3X Shares (TZA) added 1.99%. The ETF provides three times inverse exposure to the Russell 2000, and it rose as small caps eased.

ProShares UltraShort QQQ (QID) increased 1.95%. The fund seeks two times inverse daily returns of the Nasdaq-100, and it increased with the index under pressure.

ProShares UltraShort Russell 2000 (TWM) advanced 1.25%. This vehicle delivers two times inverse exposure to the Russell 2000, and it added as the small-cap gauge fell.

Top 5 Commodity ETFs

ProShares UltraShort Bloomberg Crude Oil (SCO) climbed 3.05%. The fund provides two times inverse exposure to Bloomberg WTI crude oil futures, and it climbed as oil prices softened.

Oil prices fell following reports of sweeping sanctions against Iran, lifting hopes for de-escalation.

ProShares Ultrashort Silver (ZSL) rose 1.71%. This product targets two times the inverse daily move of silver, and it rose as the metal weakened.

PROSHARES ULTRASHORT ENERGY (DUG) advanced 1.63%. The ETF seeks two times inverse performance of U.S. energy producers and services equities, and it advanced as the energy complex eased.

ProShares Ultra Gold (UGL) increased 1.44%. The fund provides two times daily exposure to gold bullion, and it benefited as the metal firmed.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) gained 1.26%. This vehicle delivers two times daily long exposure to global gold miners, and it gained as mining shares edged higher.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bear 3x Shares (SOXS) jumped 7.91%. The fund seeks three times inverse daily performance of U.S. semiconductor equities, and it jumped as chip names retreated.

Direxion Daily Financial Bull 3x Shares (FAS) climbed 3.78%. This product provides three times daily long exposure to U.S. financials, and it advanced as banks and insurers strengthened.

ProShares Ultra Financials (UYG) rose 2.37%. The ETF targets two times daily long performance of the financial sector, and it rose alongside the group’s gains.

Direxion Daily Real Estate Bull 3X Shares (DRN) increased 1.90%. The fund delivers three times daily long exposure to U.S. real estate equities, and it climbed as property shares firmed.

Direxion Daily Energy Bear 2x Shares (ERY) added 1.77%. This vehicle targets two times inverse daily performance of U.S. energy equities, and it increased as the sector softened.

Top 5 Bond ETFs

Invesco Preferred ETF (PGX) rose 0.65%. The fund holds a portfolio of preferred securities, and it gained as the asset class firmed.

iShares 20+ Year Treasury Bond ETF (TLT) added 0.62%. The ETF invests in U.S. Treasury bonds with maturities beyond twenty years, and it rose as long-duration Treasuries strengthened.

SPDR Portfolio Long Term Treasury ETF (SPTL) increased 0.56%. This fund tracks long-term U.S. Treasury issues, and it advanced with the day’s bid for duration.

SPDR ICE Preferred Securities ETF (PSK) gained 0.54%. The ETF focuses on U.S. preferred securities, and it added as credit markets steadied.

SPDR Portfolio Long Term Corporate Bond ETF (SPLB) rose 0.42%. The fund holds long-term investment-grade corporate bonds, and it edged higher as high-grade debt firmed.

Conclusion

A risk-off tilt defined ETF flows, with inverse single-stock products linked to Applied Optoelectronics and semiconductor shorts leading gains while long-leveraged counterparts slumped. Broad equity hedges tied to the Nasdaq-100 and small caps also firmed, and energy-linked inverses benefited alongside weaker oil. Financials displayed relative strength among leveraged longs, and duration-focused bond funds advanced modestly. Dispersion between leveraged long and inverse vehicles around the same exposures remained pronounced across products covered above.