Rate hike talks weighed on the stock market last week. These inverse/leveraged ETF areas gained the maximum.
Last week was downbeat for Wall Street. Simple profit-booking and some warnings from the too-big-to-fail companies probably led to this crash.
The month of September has been brutal for the U.S. stock market with the S&P 500 Index on track for its sharpest decline in September since 2002.
The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs.
The coronavirus pandemic has resulted in strong demand for inverse or inverse leveraged ETFs as investors can seek higher returns in a short time span.