Top Performing Leveraged/Inverse ETFs: 12/13/2020

By: ETFdb
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 S&P Biotech Bull 3x Shares ( LABU ) was this week’s big winner for returns at almost 13% gains, the fund did not fare so well with investors. LABU saw outflows of over $35 million this week, accounting for over 11% of its total AUM. Shorting semiconductors also seemed to be an excellent play, as two related funds made our top ten list: the Direxion Daily Semiconductor Bear 3x Shares ( SOXS B- ) and the ProShares Ultra Short Semiconductors ( SSG B- ). The fund with the best returns and investor traction was the ProShares Ultra VIX Short-Term Futures ( UVXY B- ). UVXY saw gains of almost 8% this week, in addition to inflows of almost $65 million.
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