Leveraged ETFs saw completely opposite movements on the short and long sides today: The 3x Short Gold Miners ETF surged over 7.4%, with gold mining stocks weakening, bringing significant gains to the short side. The South Korea 2x Short Samsung ETF rose over 5.4%, amplifying the pressure on Samsung with double leverage. The 2x Short NVIDIA ETF gained nearly 3%, as NVIDIA's temporary weakness brought short-side profits.
The long side had a tougher time: The 2x Long Tesla ETF fell over 7%, as Tesla continued to face pressure. The 2x Long CoreWeave and Circle series ETFs collectively dropped over 8%, as both underlying high-valuation tech holdings are in a correction. The 2x Long AMD ETF was relatively stable, gaining a modest 0.8%. The 3x Long Treasury ETF dipped slightly by 0.6%, as long-term rates haven't clearly declined yet. The 4x Long S&P 500 ETF fell nearly 2%, showing significant decay during high-leverage sideways trading.
High-dividend growth ETFs and all-weather strategy ETFs barely moved, staying stable with no major fluctuations ☺️
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