Market Overview

On Friday, Sep 11, the Dow Jones Industrial Average gained 0.98%, the S&P 500 advanced 0.86%, and the Nasdaq Composite added 0.96%.

ETF market breadth was constructive, with leveraged and thematic products active as broader risk sentiment improved and dispersion remained elevated across inverse counterparts.

Top 5 US ETF Gainers

Tradr 2X Short SMR Daily ETF (SMZ) jumped 35.54%. The vehicle seeks two times the inverse of nuclear energy company NuScale Power, and it climbed as the underlying exposure weakened intraday.

NuScale Power shares declined after UBS cut its rating to Sell and lowered its price target.

Leverage Shares 2X Long HPE Daily ETF (HPEL) gained 24.76%. Designed to deliver two times the daily performance of enterprise IT infrastructure provider Hewlett Packard Enterprise, the ETF moved higher as the stock firmed.

GraniteShares 2X Long DELL Daily ETF (DLLL) added 23.50%. This product amplifies, by two times, daily moves in PC and enterprise hardware maker Dell Technologies and rallied alongside the company's upswing.

OPPORTUNISTIC TRADER ETF (WZRD) increased 19.17%. The fund is actively managed and pursues an opportunistic trading approach, and the gain aligned with the session's broader equity strength.

Leverage Shares 2X Long FPS Daily ETF (FPSX) advanced 17.69%. The ETF seeks two times the daily move of FPS, and it rallied as the underlying shares climbed.

Top 5 US ETF Losers

T-Rex 2X Long SMR Daily Target ETF (SMUP) sank 31.41%. The fund targets two times the daily return of NuScale Power, and it fell as the underlying stock retreated.

Tradr 2X Long SMR Daily ETF (SMU) declined 31.21%. The ETF seeks two times the daily move of NuScale Power, tracking the shares' pullback during the session.

Corgi SMR 2x Daily ETF (SMRX) dropped 28.80%. This product amplifies, by two times, daily moves in NuScale Power and slid in step with the company's weakness.

Defiance Daily Target 2x Long OKLO ETF (OKLL) fell 18.38%. Designed to deliver two times the daily performance of advanced fission reactor developer Oklo, the ETF retreated as the stock eased.

Oklo was highlighted in reports noting gains among nuclear-related equities.

Corgi OKLO 2x Daily ETF (OKLC) slipped 18.29%. The product magnifies, by two times, daily moves in Oklo, and it declined on the same downward impulse.

Top 5 Equity Index ETFs

Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) rose 3.74%. The fund seeks three times the daily performance of the MSCI Emerging Markets benchmark, and it benefited from the index's advance.

iShares MSCI South Korea ETF (EWY) gained 3.25%. The fund holds large- and mid-cap South Korean equities, and the move matched the MSCI Korea benchmark's strength.

ProShares UltraPro Dow30 ETF (UDOW) added 2.82%. The vehicle targets three times the daily return of the Dow Jones Industrial Average, and it mirrored the blue-chip gauge's intraday gains.

ProShares UltraPro QQQ (TQQQ) increased 2.56%. The ETF seeks three times the daily performance of the Nasdaq-100, and it benefited from the index's strength.

ProShares UltraPro S&P500 ETF (UPRO) advanced 2.44%. The fund targets three times the daily move of the S&P 500, and it participated in the broad-market advance.

Top 5 Commodity ETFs

DB Gold Double Short Exchange Traded Notes (DZZ) rose 2.75%. The ETN provides two times inverse exposure to gold prices, and it gained as the metal softened.

A major bank indicated that gold faces potential upside risks over the longer term.

ProShares Ultra Silver (AGQ) climbed 2.22%. The fund targets two times the daily move of silver and advanced as the commodity firmed.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) increased 2.08%. The product seeks two times daily performance of large gold miners, and it rose alongside the sector.

ProShares UltraShort Bloomberg Crude Oil (SCO) added 1.38%. The fund offers two times inverse exposure to crude oil prices and advanced as the commodity eased.

ProShares Ultra Gold (UGL) gained 1.19%. The ETF seeks two times the daily performance of gold and moved higher as the metal strengthened.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bull 3x Shares (SOXL) jumped 5.24%. The fund targets three times the daily return of large semiconductor manufacturers and rallied with the industry's strength.

iShares U.S. Telecommunications ETF (IYZ) rose 2.63%. The fund concentrates on U.S. telecommunications services companies, and it advanced with the group's gains.

Direxion Daily Real Estate Bull 3X Shares (DRN) increased 2.30%. The ETF seeks three times the daily move of U.S. real estate equities and benefited from sector strength.

ProShares Ultra Real Estate (URE) added 2.13%. The fund provides two times daily exposure to U.S. real estate equities, and it climbed alongside the group's advance.

Direxion Daily Financial Bull 3X ETF (FAS) gained 1.90%. The product targets three times the daily performance of U.S. financials and rose with the sector.

Top 5 Bond ETFs

VanEck Preferred Securities ex Financials ETF (PFXF) increased 1.13%. The fund holds preferred shares excluding financial issuers, and the move reflected gains across the preferred market.

SPDR Bloomberg Convertible Securities ETF (CWB) advanced 0.66%. The ETF invests in U.S. convertible bonds, and it participated in the asset class's firming tone.

First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 0.48%. The actively managed fund focuses on convertible securities and added in line with broader convertible benchmarks.

iShares California Muni Bond ETF (CMF) gained 0.45%. The fund tracks tax-exempt municipal bonds from California, and it edged higher with municipals.

iShares National Muni Bond ETF (MUB) climbed 0.44%. The ETF focuses on investment-grade U.S. municipal bonds, and it modestly advanced.

Conclusion

A risk-on tone characterized ETF trading, with leveraged single-stock vehicles setting the widest moves while broad beta proxies also firmed. NuScale-linked products showed stark divergence between inverse and long structures, and semiconductor and real estate funds participated in gains as inverse crude exposure edged higher. Commodity outcomes were mixed, with gold-linked longs and inverses both advancing, underscoring leverage-driven dispersion. Bond-focused products posted steadier gains relative to equity counterparts.