Inverse Energy & Index ETFs Surged
2022-12-13 00:00uSMART

US Markets retreated on concerns of rate-hike, particularly after producer prices rose more than expected in November, supporting further rate hikes. Which incurred inverse energy & index ETFs surged.



  • On the December 5-9 week market performance, DOW, S&P 500 and NASDAQ fell.
  • Moreover, robust ISM services reports and hotter than expected PPI data may force the Federal Reserve to adopt a much more hawkish stance and resolve for their monetary policy going forward.
  • Energy & Index fell, relevant inverse ETFs Surged. Bear 2X Shares DRIP ranks first for the week.


Best Performing ETFs for The Week - Dec 5-9, 2022
Rank Ticker Name % Change
1 DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares 27.59%
2 LABD Direxion Daily S&P Biotech Bear 3x Shares ETF 23.03%
3 SCO ProShares UltraShort Bloomberg Crude Oil ETF 20.82%
4 BDRY Breakwave Dry Bulk Shipping ETF 19.35%
5 DUG ProShares UltraShort Oil & Gas 18.67%
6 ERY Direxion Daily Energy Bear 2X Shares 18.53%
7 SRTY ProShares UltraPro Short Russell2000 ETF 16.22%
8 TZA Direxion Daily Small Cap Bear 3X Shares ETF 16.16%
9 WEBS Direxion Daily Dow Jones Internet Bear 3X Shares ETF 13.06%
11 HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares 13.06%
13 SMDD Ultrapro Short Midcap400 12.64%
14 FAZ Direxion Daily Financial Bear 3X Shares ETF 12.49%
15 EIC Eagle Point Income Co Inc 12.42%
17 SQQQ ProShares UltraPro Short QQQ ETF 11.25%
18 TWM Proshares Trust Pshs Ulshrus2000 (Post Rev Split) 10.93%
19 SPXU ProShares UltraPro Short S&P500 ETF 10.63%
20 SPXS Direxion Daily S&P 500 Bear 3X Shares ETF 10.62%



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