We have highlighted seven inverse ETFs that benefited the most from the Nasdaq sell-off.
The last week was extremely upbeat for Wall Street with the S&P 500 and the Dow Jones at record highs.
Amid the bull and bear tug-of-war, the demand for leveraged and inverse-leveraged ETFs has increased.
Last week was mixed for Wall Street. Tax hike fears, rising COVID-19 cases and still-existing rising rate worries led to the volatility.
The first week of March was mixed for Wall Street. The energy sector has been the key winner.
Wall Street crashed last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing about 2.5%, 1.8%, 4.9% and 2.4%, respectively.
Wall Street saw a mixed performance last week probably because of rising COVID-19 cases globally while a stimulus deal cheered up the market.
We have highlighted six leveraged inverse ETFs that are up more than 15% over the past week.
Volatility and uncertainty has resulted in a strong demand for leveraged and inverse-leveraged ETFs as these could fetch outsized returns on quick market turns in a short span.