Top Performing Leveraged/Inverse ETFs: 11/08/2020
November 09, 2020 at 17:10 PM EST
These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. After last week’s elections, it’s no wonder that we’re seeing the Indxx MicroSectors Cannabis 2X Leveraged ETN ( MJO ) near topping the returns chart for the past week. Voters have passed measures to legalize cannabis in Arizona, Mississippi, Montana, New Jersey and South Dakota, making the leveraged note an excellent bet. Both MJO and this week’s top gainer ( SOXL B ), the Direxion Daily Semiconductor Bull 3x Shares saw returns over 41%. Brazil was also a big winner this past week. Two different leveraged funds, the ProShares Ultra MSCI Brazil Capped Fund ( UBR C+ ) and the Direxion Daily Brazil Bull 2X Shares Fund, pulled in returns of almost 30%.