3X ETFs: Winners and Losers
NEW YORK (TheStreet) -- Triple-leverage funds swung wildly during Monday's chaotic trading session to finish either drastically higher or lower.
The Direxion Daily Russia Bull 3X Shares (RUSL) lurched down 33.5% to settle at $23.03 as it bore the brunt of having leveraged exposures to the negative market action Monday, which was triggered by the first-ever downgrade of the credit rating of the United States by Standard & Poor's late Friday.
Likewise, the Direxion Daily Large Cap Bull 3X Shares (BGU) and the Direxion Daily Small Cap Bull 3X Shares (TNA) also fell sharply, down 19.7% to $47.82 and down 26% to $37.88.
On the other hand, exchange-traded funds with a bearish bent, especially the triple-leveraged funds, climbed dramatically as stocks were butchered.
The Direxion Daily Russia Bear 3X Shares (RUSS) skyrocketed 34.5% to settle at $52.53, as did the Direxion Large Cap Bear 3X Shares (BGZ), which soared 20.2% to end at $54.48. -- Written by Andrea Tse in New York.>To contact the writer of this article, click here: Andrea Tse.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
