Market Overview

On Monday Jul 27, the Dow Jones Industrial Average rose 0.51%, the S&P 500 added 0.02%, and the Nasdaq Composite slipped 0.18%.

ETF market conditions were mixed, with leverage-driven products dominating the extremes and inverse strategies also active. Flows reflected a balance between risk-taking in single-stock vehicles and hedging across broader exposures.

Top 5 US ETF Gainers

Tradr 2X Long QBTS Daily ETF (QBTX) surged 40.06%. The fund targets two times the daily return of quantum computing company D-Wave Quantum, and it rallied as the underlying shares advanced.

D-Wave Quantum expanded its collaboration with AT&T and plans to transfer its listing to Nasdaq.

Corgi QBTS 2x Daily ETF (QUA) jumped 36.46%. The ETF seeks two times the daily move of D-Wave Quantum, tracking the stock’s upswing during the session.

Leverage Shares 2X Long BMNR Daily ETF (BMNG) gained 26.26%. Designed to deliver two times the daily performance of Ethereum Treasury company BitMine Immersion Technologies, the ETF climbed as the underlying shares firmed.

Bitmine Immersion Technologies announced ETH Holdings reach 5.79 million tokens, and total crypto and total cash holdings of $11.8 Billion.

T-REX 2x Long BMNR Daily Target ETF (BMNU) added 25.71%. This product amplifies, by two times, daily moves in BMNR and advanced alongside the stock’s strength.

Direxion Daily SHOP Bull 2X ETF (SHPU) rose 22.82%. The fund targets two times the daily return of e-commerce platform Shopify, and it increased as the underlying shares climbed.

Shopify stock jumped on Monday as investors leaned into AI-driven e-commerce optimism ahead of the company’s second-quarter earnings report due on August 5.

Top 5 US ETF Losers

Defiance Daily Target 2X Short QBTS ETF (QBTZ) sank 40.51%. The vehicle seeks two times the inverse of D-Wave Quantum, and it declined as the underlying exposure strengthened intraday.

Fundrise Innovation Fund LLC (VCX) fell 31.05%. The vehicle is not structured as a leveraged single-stock product, and the move reflected pricing in the fund rather than a single underlying company.

Defiance Daily Target 2X Short BMNR ETF (BMNZ) slid 26.46%. The product provides two times inverse exposure to BMNR, and it retreated as the underlying shares firmed.

Corgi SNDK 2x Daily ETF (SNDC) dropped 23.44%. The fund targets two times the daily return of flash memory company SanDisk, and it fell as the underlying stock weakened.

Tradr 2X Long SNDK Daily ETF (SNXX) declined 22.05%. Designed to deliver two times daily moves in SanDisk, the ETF fell amid the stock’s pullback.

Top 5 Equity Index ETFs

Direxion Daily FTSE China Bull 3X Shares (YINN) rose 5.92%. The ETF targets three times the daily performance of the FTSE China 50 Index, and it benefited from the index’s intraday strength.

ProShares Ultra FTSE China 50 (XPP) advanced 3.84%. The fund seeks two times the daily return of the FTSE China 50, echoing the benchmark’s gain.

VanEck ChiNext ETF (CNXT) increased 3.14%. The vehicle holds shares from Shenzhen’s ChiNext board and reflected the day’s advance in that growth-oriented market.

KraneShares CSI China Internet ETF (KWEB) added 2.70%. The fund concentrates on Chinese internet platforms and moved with the group’s strength.

Invesco Golden Dragon China ETF (PGJ) gained 2.51%. The product tracks U.S.-listed China equities and participated in the broader move higher across the cohort.

Top 5 Commodity ETFs

ProShares UltraShort Bloomberg Crude Oil (SCO) climbed 9.66%. The fund seeks two times inverse exposure to WTI crude oil futures referenced by the Bloomberg index and rose as oil prices eased.

DB Gold Short ETN (DGZ) added 6.62%. The note offers inverse exposure to gold and advanced as bullion softened.

ProShares UltraShort Energy (DUG) increased 4.01%. The vehicle targets two times inverse performance of U.S. energy equities and gained as the sector weakened.

DB Gold Double Short Exchange Traded Notes (DZZ) rose 1.88%. The note provides two times inverse exposure to gold and moved higher as the metal eased.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) advanced 1.47%. The fund delivers two times daily exposure to gold mining companies and ticked higher with the miners during the session.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bear 3x Shares (SOXS) rose 6.56%. The ETF seeks three times inverse exposure to U.S. semiconductor shares and increased as chip stocks softened.

Direxion Daily Energy Bear 2x Shares (ERY) gained 4.05%. The fund targets two times inverse performance of U.S. energy companies and climbed as the group eased.

Direxion Daily Financial Bull 3x Shares (FAS) advanced 3.00%. The product aims for three times the daily return of U.S. financials and benefited from strength across the cohort.

SPDR S&P Retail ETF (XRT) added 2.91%. The fund holds an equal-weight basket of U.S. retail companies and participated in the day’s gains.

ProShares Ultra Financials (UYG) increased 1.81%. The ETF provides two times the daily move of U.S. financial stocks and rose alongside the sector.

Top 5 Bond ETFs

Innovator S&P Investment Grade Preferred ETF (EPRF) gained 0.66%. The fund invests in investment-grade U.S. preferred securities and edged higher with the asset class.

VanEck Preferred Securities ex Financials ETF (PFXF) advanced 0.63%. The product focuses on preferred shares issued outside the financial sector and firmed during the session.

iShares 20+ Year Treasury Bond ETF (TLT) rose 0.60%. The fund holds long-duration U.S. Treasuries and benefited as long-end yields eased.

SPDR Portfolio Long Term Treasury ETF (SPTL) added 0.51%. The ETF tracks long-maturity U.S. Treasury bonds and inched higher with duration-sensitive debt.

Invesco Emerging Markets Sovereign Debt ETF (PCY) increased 0.48%. The fund holds U.S. dollar-denominated sovereign bonds from emerging markets and gained on the day.

Conclusion

Leverage stood out across the ETF landscape, with single-stock products tied to quantum computing dominating the upside while corresponding inverse exposures slumped. Broader thematic and sector vehicles also saw active two- and three-times strategies, including bearish plays that benefited from underlying weakness in targeted groups. Fixed income funds posted modest gains, rounding out a session marked by pronounced dispersion between leveraged longs and their inverse counterparts.