Short Tesla ETF Surge As Musk Sells Additional Shares
2022-12-19 00:00uSMART

U.S. markets fell for a second straight week due to hawkish fed, short tesla ETFs surged after musk unloaded additional shares.



  • In the week from December 12 to 16, U.S. markets retreated for a second consecutive week due to increasing concerns about a hawkish Federal Reserve.
  • The inverse ETF SQQQ rose 8% over the week, and retail, finance, and semiconductor inverse ETFs all saw a jump.
  • Elon Musk sold nearly 25 billion yuan worth of Tesla shares over three consecutive days, leading to a surge of more than 18% in three short Tesla ETFs


Best Performing ETFs for The Week (Dec 12-16, 2022)
Rank Ticker Name % Change
1 NOPE Noble Absolute Return ETF 23.80%
2 TSLQ AXS TSLA Bear Daily ETF 18.20%
3 TSLS Direxion Daily TSLA Bear 1X Shares 18.16%
4 TSLI GraniteShares 1x Short TSLA Daily ETF 18.13%
5 BZQ ProShares UltraShort MSCI Brazil Capped 12.82%
6 ONG Direxion Daily Oil Services Bull 2X Shares 10.89%
7 PYPS AXS 1.5X PYPL Bear Daily ETF 9.52%
8 SOXS Direxion Daily Semiconductor Bear 3X Shares 8.24%
9 SQQQ ProShares UltraPro Short QQQ ETF 8.07%
10 SZK ProShares UltraShort Consumer Goods ETF 7.55%
11 FAZ Direxion Daily Financial Bear 3x Shares 7.43%
12 GUSH Direxion Daily S&P Oil & Gas Exp & Prod Bl 2X Shares 7.05%
13 NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares 6.99%
14 TECS Direxion Daily Technology Bear 3X Shares 6.89%
15 HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares 6.73%
16 MSGR Direxion mRNA ETF 6.61%
17 NKEQ AXS 2X NKE Bear Daily ETF 6.31%
18 SPXU ProShares UltraPro Short S&P500 6.26%
19 SMDD ProShares UltraPro Short MidCap400 ETF 6.16%
20 SPXS Direxion Daily S&P 500 Bear 3X Shares ETF 6.14%



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