Market Overview

On Friday, Oct. 09, the Dow Jones Industrial Average added 0.83%, the S&P 500 rose 0.59%, and the Nasdaq Composite gained 0.64%.

ETF market tone was risk-on, with leveraged equity products pacing gains while haven-linked and income-oriented exposures firmed modestly.

Top 5 US ETF Gainers

Defiance Daily Target 2X Long MRNA ETF (MRNX) jumped 27.64%. The fund targets two times the daily return of mRNA therapeutics developer Moderna, and it surged as the underlying shares advanced.

Moderna drew attention after BofA Securities raised its price target and reports highlighted efforts to accelerate cancer vaccines.

OPPORTUNISTIC TRADER ETF (WZRD) rallied 27.23%. The actively managed vehicle does not target a single company, and it gained alongside its portfolio holdings’ advance.

Defiance Daily Target 2X Short ASTS ETF (ASTN) climbed 21.68%. The vehicle seeks two times the inverse of satellite-to-cellular communications company AST SpaceMobile, and it advanced as the underlying exposure weakened intraday.

AST SpaceMobile was downgraded by B. Riley and said it completed a satellite-to-smartphone integration test with Telus.

DEFIANCE DAILY TARGET 2X LONG HIMS ETF (HIMZ) increased 20.32%. This product amplifies, by two times, daily moves in telehealth platform Hims & Hers Health and rallied alongside the company’s upswing.

Corgi HIMS 2x Daily ETF (HIMC) gained 19.23%. Designed to deliver two times the daily performance of Hims & Hers Health, the ETF added as the shares advanced.

Top 5 US ETF Losers

Leverage Shares 2X Long ASTS Daily ETF (ASTG) sank 21.58%. The fund targets two times the daily return of AST SpaceMobile, and it slipped as the underlying shares retreated.

Tradr 2X Long ASTS Daily ETF (ASTX) dropped 21.49%. The ETF seeks two times the daily move of AST SpaceMobile, tracking the underlying shares’ retreat during the session.

T-REX 2X LONG ASTS DAILY TARGET ETF (ASUP) fell 21.19%. This product amplifies, by two times, daily moves in AST SpaceMobile and declined alongside the company’s pullback.

Defiance Daily Target 2X Long ASTS ETF (ASTY) slid 21.11%. Designed to deliver two times the daily performance of AST SpaceMobile, the ETF tumbled as the stock weakened.

Corgi ASTS 2x Daily ETF (ASTT) decreased 20.77%. The product magnifies, by two times, daily moves in AST SpaceMobile, and it retreated on the same downward impulse.

Top 5 Equity Index ETFs

Direxion Daily FTSE China Bull 3X Shares (YINN) advanced 6.94%. The ETF targets three times the daily performance of large-cap Chinese equities in the FTSE China 50 universe, and it benefited from the index’s intraday strength.

ProShares Ultra FTSE China 50 (XPP) climbed 5.06%. The fund seeks two times the daily move of the FTSE China 50, and the gain aligned with the benchmark’s advance.

KraneShares CSI China Internet ETF (KWEB) rose 3.79%. The vehicle holds Chinese internet platforms and participated in the day’s rebound in that segment.

Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) added 3.08%. The product targets three times the daily performance of the MSCI Emerging Markets index and moved higher with broader emerging-market equities.

Invesco Golden Dragon China ETF (PGJ) increased 2.85%. The fund holds U.S.-listed China American depositary receipts, and the move mirrored those shares’ advance.

Top 5 Commodity ETFs

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) jumped 6.03%. The ETF seeks two times the daily performance of large-cap gold miners, and it rallied with the group’s strength.

ProShares Ultra Silver (AGQ) climbed 5.11%. The fund targets two times the daily move in silver prices, and it advanced alongside the metal’s upswing.

VanEck Junior Gold Miners ETF (GDXJ) gained 3.18%. The fund focuses on small- and mid-cap gold mining companies, and the increase reflected broad firmness among junior miners.

ProShares Ultra Gold (UGL) rose 3.04%. The ETF targets two times the daily performance of gold, and it moved higher with the metal.

VanEck Gold Miners ETF (GDX) added 2.95%. The vehicle concentrates on large global gold miners and participated in the day’s sector strength.

Top 5 Industry ETFs

Direxion Daily Real Estate Bull 3X Shares (DRN) surged 5.72%. The ETF targets three times the daily performance of U.S. real estate investment trusts, and the gain tracked sector strength.

ProShares Ultra Real Estate (URE) advanced 3.75%. The fund seeks two times the daily move of U.S. real estate equities, and it rose with the group’s firming.

iShares Biotechnology ETF (IBB) climbed 3.00%. The vehicle holds U.S. biotechnology companies and benefited from a constructive session for drug developers.

Direxion Daily Financial Bull 3X ETF (FAS) increased 2.56%. The product targets three times the daily performance of U.S. financial stocks, and it moved higher with the sector.

iShares Select U.S. REIT ETF (ICF) added 2.07%. The fund holds large U.S. REITs and participated in the broader rebound.

Top 5 Bond ETFs

iShares Convertible Bond ETF (ICVT) rose 0.82%. The fund holds U.S. convertible corporate bonds, and the increase reflected modest strength in hybrid credit.

SPDR Bloomberg Convertible Securities ETF (CWB) gained 0.81%. The vehicle invests in U.S. convertible securities and advanced alongside the segment.

First Trust SSI Strategic Convertible Securities ETF (FCVT) advanced 0.79%. The actively managed fund targets convertible bonds, and it firmed with the cohort.

SPDR Nuveen ICE Municipal Bond ETF (TFI) added 0.52%. The ETF holds investment-grade municipal bonds, and it inched higher as tax-exempt debt firmed.

VanEck Preferred Securities ex Financials ETF (PFXF) increased 0.51%. The fund focuses on preferred securities outside the financial sector, and it edged higher with income-oriented credit.

Conclusion

Risk appetite defined the ETF tape, with leveraged single-stock products showing the widest swings and broad beta tilts firming across equities and commodities. China-focused and precious-metals exposures led among thematic and index-linked funds, while real estate and financials leveraged vehicles added to gains. In sharp contrast, long products tied to AST SpaceMobile fell as the corresponding inverse strategy rallied, underscoring pronounced dispersion between paired exposures. Bond and income-oriented ETFs posted modest advances, rounding out a session in which leverage and sector selection drove outcomes.

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