These Triple Leveraged ETFs Surged — and Purged — in July

August 1, 2016 1:35pm NYSE:DRIP NYSE:DUST

direxion 600X300ETF issuer Direxion Shares just released some interesting performance data for July, and if you were bullish gold miners, then you may have had a heck of a month.


Each month, Direxion highlights their biggest winners and losers in terms of daily and quarterly performance. If you’ve been following the markets closely over the past month, you shouldn’t be surprised at these results:

direxion-july-2016

Source: Direxion Shares

As you can see, July saw some incredible one-day gains for leveraged gold miners, with the Daily Junior Gold Miners Index Bull 3x Shares (NYSE:JNUG) jumping 12.21% in a single session. JNUG’s bigger brother, the Daily Gold Miners Index Bull 3x Shares (NYSE:NUGT) also posted an huge one-day gain of 8.15% last month.

On the losing side of things, the big standout was the Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares (NYSE:DRIP), which plunged 7.69% in a single session last month. That’s kind of surprising, seeing as how poorly oil performed in July, but when you add 3x leverage into the equation, the potential for huge moves in either direction (no pun intended) is always there.

As Direxon will tell you, all of these super leveraged ETFs are geared toward risk-hungry traders seeking very short term profits. So while the VIX may be on its way to new all-time lows, you can always find huge volatility in these ETFs if you so choose.


Read Next


Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories