This article was originally published on ETFTrends.com.
Since 1997, Direxion has been providing investment solutions with their innovative ETFs and 20 years later, they have $13.4 billion worth of assets under management.
If you haven't already, check out the 5 ETFs below that are trending this week - and are worth keeping an eye on during the second half of 2018.
1. Direxion Daily S&P Biotech Bull 3X ETF (LABU)
Despite all the talk regarding trade wars with the United States and China, one sector that has been shrugging off the market noise is the biotechnology sector. The NASDAQ Biotechnology Index has been well above its simple 50-day moving average as evidenced in the chart below:
According to Sylvia Jablonski, Managing Director and Institutional ETF Strategist for Direxion, the continued performance in this sector is due to a mix of "favorable public policy for drug makers, increased research and development, as well as pre-approvals and approvals on various drugs." As such, LABU, which seeks 300% of the daily performance of the S&P Biotechnology Select Industry Index, has been performing admirably--up 124.91% in the past year and up 25.33% year-to-date.
2. Direxion Daily Small Cap Bull 3X ETF (TNA)
Unfortunately, emerging markets have felt the shrapnel of the market explosions coming from the tariff-for-tariff battle between the U.S. and China, but TNA's small cap focus precludes this market with no international exposure. TNA seeks 300% of the daily performance of the Russell 2000 Index, which is also above its 50-day simple moving average.
The results have been favorable with TNA up 15.54% year-to-date and up 60% in the past year.
3. Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF (GUSH)
Oil has been in the news lately with the recent announcement by OPEC to raise its output. GUSH aims to seek 300% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index, which is on an upward trajectory relative to its simple moving average in the past few months.
GUSH has been a beneficiary of the oil production increase within the past year with its year-to-date performance up 28.86% and 71.54% total return in the past year. According to Jablonski, things look even better in the months ahead.
"Oil and gas trading sentiment is picking up with a potential warm summer ahead," said Jablonski.
4. Direxion Daily Nat Gas Rltd Bull 3X ETF (GASL)
GASL investment seeks daily investment results of the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. Natural gas production has stagnated and fallen after the Financial Crisis of 2007-08, but production has ramped up and is expected to surge in the forthcoming years according to a recent study.
Nonetheless, GASL was still able to eke out a total return of 2.74% the past year.
5. Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV)
TMV seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. With interest rates on the move by 25 basis points last week and hints of more to come, Jablonski is identifying opportunities with "flows into TMV, which leads us to believe traders are bullish on rate hikes and looking to either participate in bond prices falling by using the bear fund to express the view or to hedge out duration." TMV is up 10.38% year-to-date.
Check out an interview with Sylvia Jablonski below:
For more trends regarding Direxion ETFs, click here.
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