---
title: "Weekly Recap | GLW 2X Long ETF -20.94%, trailing the S&P 500 by about 21 points"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299517669.md"
description: "GLW 2X Long ETF fell 20.94% this week to $12.76, while the S&P 500 slipped just 0.08%, leaving the fund about 20.86 percentage points behind. The week opened with a spike to $13.76 on Monday before reversing to $11.71 by the close. Tuesday and Wednesday held a narrow $11.48–$12.38 range. Thursday bounced to $13.68, but Friday settled at $12.76. The ETF sits well below its 60-day range high of $51 and under the 20-day moving average at $13.408."
datetime: "2026-09-19T07:28:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299517669.md)
  - [en](https://longbridge.com/en/news/299517669.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299517669.md)
generator: "portal-rs"
---

# Weekly Recap | GLW 2X Long ETF -20.94%, trailing the S&P 500 by about 21 points

## The Week

GLW 2X Long ETF fell 20.94% this week to $12.76, while the S&P 500 slipped just 0.08%, leaving the fund about 20.86 percentage points behind. The week opened with a spike to $13.76 on Monday before reversing to $11.71 by the close. Tuesday and Wednesday held a narrow $11.48–$12.38 range. Thursday bounced to $13.68, but Friday settled at $12.76. The ETF sits well below its 60-day range high of $51 and under the 20-day moving average at $13.408.

## Sector News

Corning-related headlines this week centred on AI infrastructure and leveraged ETF flows. On 15 September, several items flagged Corning among stocks in focus, while another reported that ‘AI Frenzy and Macro Hedges Drive Record Flows in Niche Leveraged ETFs’, linking AI hardware demand to rotation into leveraged vehicles. The same session saw mention of volatility ETF flows and Boston Scientific cutting guidance after a cyber event. There was no Corning-specific earnings or company announcement during the week, so the news flow remained thematic around AI hardware and leveraged-product repricing.

## The Week Ahead

The calendar is macro-heavy. The Richmond Fed composite arrives on 22 September (prior 4). On 23 September, EIA weekly crude and Cushing inventories are due. 24 September brings initial jobless claims, the current account balance, new home sales, and EIA natural gas storage. For a 2x leveraged Corning ETF, macro data can amplify intraday swings by shifting risk appetite. Initial jobless claims and new home sales on 24 September are the ones to watch for direction from the labour and housing side.

## In Short

This week’s 20.94% drop against a roughly flat S&P 500 creates a clear tension. Daily volume averaged 1.52 million shares, about 16.91% above the median, suggesting turnover picked up during the pullback. In the latest session’s flow snapshot, large and medium orders showed net buying direction while small orders were net sellers. Price sits below both the 20-day and 60-day moving averages ($17.576), leaving the fund in a short-term downtrend. The question ahead is whether next week’s macro calendar can shift risk appetite, and whether this leveraged product keeps seeing outsized moves.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**