Market Overview

On Tuesday Oct 13, the Dow Jones Industrial Average declined 0.35%, the S&P 500 dipped 0.02%, and the Nasdaq Composite slipped 0.15%.

ETF market breadth was balanced, with leveraged equity products seeing sharp two-way moves while commodity-linked funds generally firmed.

Top 5 US ETF Gainers

OPPORTUNISTIC TRADER ETF (WZRD) gained 21.81%. The fund is actively managed and seeks opportunistic exposures, and it rallied alongside its portfolio’s upswing.

Defiance Daily Target 2X Short ASTS ETF (ASTN) advanced 15.34%. The vehicle seeks two times the inverse of satellite communications company AST SpaceMobile, and it rose as the underlying exposure weakened.

AST SpaceMobile reported a wider loss and highlighted a growing contract backlog with ample cash, and analysts issued mixed rating changes.

X-SQUARE MUNICIPAL INCOME TAX FREE ETF (ZTAX) climbed 10.49%. The ETF focuses on tax-exempt municipal bonds, and it advanced as the muni segment firmed.

Corgi NVTS 2x Daily ETF (NVTC) climbed 10.28%. The product magnifies, by two times, daily moves in power semiconductor manufacturer Navitas Semiconductor, and it rallied on the same upward impulse.

Tradr 2X Long TTMI Daily ETF (TTMX) increased 9.57%. The fund targets two times the daily return of printed circuit board manufacturer TTM Technologies, and it surged as the underlying shares advanced.

Top 5 US ETF Losers

Leverage Shares 2X Long CIFR Daily ETF (CIFG) sank 26.05%. The ETF seeks two times the daily move of bitcoin mining company Cipher Digital, and it fell as the underlying shares retreated.

Cipher Digital reported a larger loss and extended a key lease agreement, while new analyst coverage reflected divided opinions.

T-REX 2x Long CIFR Daily Target ETF (CIFU) dropped 25.52%. This product amplifies, by two times, daily moves in Cipher Digital and declined alongside the pullback.

CORGI CIFR 2X DAILY ETF (CIFC) fell 25.15%. Designed to deliver two times the daily performance of Cipher Digital, the ETF moved lower as the stock weakened.

T-REX 2X LONG ASTS DAILY TARGET ETF (ASUP) slid 17.44%. The fund seeks two times the daily performance of AST SpaceMobile, and it declined as the shares retreated.

Leverage Shares 2X Long ASTS Daily ETF (ASTG) slipped 17.41%. The product magnifies, by two times, daily moves in AST SpaceMobile, and it fell on the same downward impulse.

Top 5 Equity Index ETFs

iShares MSCI Hong Kong ETF (EWH) gained 1.78%. The fund tracks large- and mid-cap Hong Kong equities under the MSCI Hong Kong index, and the move echoed the benchmark’s advance.

iShares MSCI Sweden ETF (EWD) added 1.35%. The ETF follows Swedish large- and mid-cap stocks via the MSCI Sweden index, and the gain mirrored the index’s strength.

Direxion Daily Small Cap Bear 3X Shares (TZA) rose 1.28%. The fund targets three times inverse daily exposure to the Russell 2000, and it advanced as small-cap equities softened.

iShares MSCI Austria ETF (EWO) increased 1.07%. The fund provides exposure to Austrian equities under the MSCI Austria index, and the uptick aligned with the benchmark’s climb.

ProShares UltraPro Short QQQ (SQQQ) advanced 1.06%. The ETF seeks three times inverse daily performance of the Nasdaq-100, and it gained as the growth-heavy index eased.

Top 5 Commodity ETFs

PROSHARES ULTRA ENERGY (DIG) rose 3.51%. The fund targets two times the daily performance of U.S. energy equities, and it benefited as the sector strengthened.

Proshares Ultrashort Silver (ZSL) gained 3.35%. The ETF seeks two times inverse exposure to silver prices, and it advanced as the metal eased.

Direxion Daily Gold Miners Index Bear 2X Shares (DUST) increased 2.97%. The fund targets two times inverse exposure to gold mining equities, and it rose as the group weakened.

ProShares Ultra Bloomberg Crude Oil (UCO) climbed 2.44%. The ETF delivers two times the daily move of WTI crude oil futures, and it rallied with oil prices firmer.

Oil prices were mixed as traders weighed Middle East risks and Russian diesel supply developments.

United States Oil Fund LP (USO) advanced 1.36%. The fund tracks front-month WTI crude oil contracts, and it rose alongside crude’s intraday strength.

Top 5 Industry ETFs

United States Natural Gas Fund LP (UNG) jumped 4.49%. The fund tracks front-month U.S. natural gas futures, and it moved higher with gas prices firmer.

Direxion Daily Energy Bull 2X ETF (ERX) rallied 3.84%. The ETF targets two times daily performance of U.S. energy equities, and it climbed as the sector advanced.

Invesco Solar ETF (TAN) gained 2.07%. The fund concentrates on global solar equipment and installation companies, and it benefited from sector strength.

Energy Select Sector SPDR Fund (XLE) rose 1.76%. The ETF holds large U.S. energy producers and refiners, and the move reflected the group’s advance.

VanEck Agribusiness ETF (MOO) added 1.41%. The fund invests in global agribusiness companies, and it edged higher with the space firmer.

Top 5 Bond ETFs

SPDR ICE Preferred Securities ETF (PSK) increased 1.02%. The fund holds U.S. dollar-denominated preferred securities, and it gained as the segment firmed.

Invesco Preferred ETF (PGX) rose 0.90%. The ETF focuses on preferred stock, and the gain tracked broader preferreds strength.

Innovator S&P Investment Grade Preferred ETF (EPRF) advanced 0.89%. The fund emphasizes investment-grade preferred securities, and it added as the category strengthened.

VanEck High Yield Muni ETF (HYD) climbed 0.74%. The ETF targets non-investment-grade municipal bonds, and it rose with munis firmer.

SPDR Nuveen ICE Municipal Bond ETF (TFI) increased 0.65%. The fund tracks investment-grade municipal bonds under the ICE index, and it benefited as the muni market improved.

Conclusion

Risk sentiment in ETFs was mixed, with inverse single-stock products linked to satellite communications and leveraged crypto miners diverging from their long counterparts. Energy-related funds led cross-asset gains across commodities and sectors, while defensive index inverses also firmed. The session highlighted pronounced dispersion between leveraged longs and inverse vehicles tied to the same underlyings, underscoring the impact of leverage and directional bias across products covered above.

Read More: A Leveraged ETF Is Not Just an Amplified Version: The Decay Trap in TQQQ / SOXL