These ETFs Jump Against the Market Plunge: TSLZ, TSLQ and UVIX up 21%, YANG up 19%, SOXS up 16%
Despite Monday’s sharp sell-off again in morning trading, some ETFs managed to shine.
Long VIX ETFs - The VIX index, which shows the equity market's expectations for 30-day volatility and is often called Wall Street's "fear gauge,"
jumped 15%.
Long VIX-related ETFs surged in morning trading. UVIX rose 21%; UVXY rose 17%; VIXY and VXX rose 11%; VXZ rose 7%.
Direxion Daily FTSE China Bear 3X Shares (YANG) surged 24% in morning trading as Chinese ADRs and ETFs slumped again after Beijing hit back at trump’s tariffs.
Inverse ETFs - With the US stock market crashing, several inverse ETFs surged. SOXS rose 16%; SRTY rose 15%; SQQQ and SPXU rose 14%; SDOW rose 13%.
Some inverse ETFs of major tech stocks also rose jumped. TSLZ and TSLQ rose 21%; TSDD rose 20%; NVD rose 16%; NVDS rose12%; TSLS rose 10%.
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