Demand for Direxion Funds' 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. The Direxion Financial Bear 3x Shares ( FAZ) fund was No. 15 in the ETF ranking, up from 29 in January. The company's Financial Bull 3x Shares ( FAS) fund rose to 19th from 23rd, and its Large Cap Bear 3X Shares ( BGZ) 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 opposite the market. Three funds from January's list didn't make the February roster. Oil Services HOLDRS ( OIH) tumbled to No. 22 from 19. The leveraged ProShares Ultra QQQ ( QLD)retreated to 24th from 17th, and the SPDR Mid Cap 400 ( MDY) sank to 25th from 20th. The SPDR S&P 500 ETF ( SPY) held the top spot with ease with $27.1 billion in average daily turnover. The PowerShares QQQ Trust ( QQQQ) ranked second with $4.9 billion. The SPDR fund's top holdings include Exxon Mobil ( XOM), General Electric ( GE), AT&T ( T) and Microsoft ( MSFT).