new exchange traded funds is growing as investors look to triple the performance of stock indexes.
The Direxion triple-leveraged funds, which debuted in November, climbed TheStreet.com Ratings' ranking of the 20 most-traded ETFs in February, based on average daily dollar volume.
Direxion Financial Bear 3x Shares
fund was No. 15 in the
, up from 29 in
. The company's
Financial Bull 3x Shares
fund rose to 19th from 23rd, and its
Large Cap Bear 3X Shares
fund leaped to 20th from 34th.
Eight of the 20 ETFs on the list below are leveraged, meaning they seek to multiply the performance of a given index, including five ProShares funds. Five are "inverse" funds that move
Three funds from January's list didn't make the February roster.
Oil Services HOLDRS
tumbled to No. 22 from 19. The leveraged
ProShares Ultra QQQ
retreated to 24th from 17th, and the
SPDR Mid Cap 400
sank to 25th from 20th.
SPDR S&P 500 ETF
held the top spot with ease with $27.1 billion in average daily turnover. The
PowerShares QQQ Trust
ranked second with $4.9 billion.
The SPDR fund's top holdings include
Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.