Market Overview

Nine ETFs on a Roll (DRN, TQQQ, BIB, BGU)

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Shares of the following exchange traded funds are more than 15% higher than 90 days ago and trading within 9% of their 52-week highs.

Direxion Daily Healthcare Bull 3X Shares (NYSE: CURE) is more than 26% higher year to date but trading about where it was a month ago. The nondiversified fund creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Health Care Select Sector Index, or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: futures contracts, swap agreements and short positions.

Direxion Daily Large Cap Bull 3X Shares (NYSE: BGU) is up more than 40% from the beginning of the year, including up almost 7% in the past week. The nondiversified fund creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Russell 1000 Index, or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: futures contracts, swap agreements and short positions.

Direxion Daily Real Estate Bull 3X Shares (NYSE: DRN) is about 48% higher year to date, as well as up about 9% in the past week. The investment seeks daily investment results of 300% of the performance of the MSCI US REIT Index. The nondiversified fund normally creates long positions by investing at least 80% of its net assets in the equity securities that comprise the index, or financial instruments that provide leveraged and unleveraged exposure to the index.

See also: S&P: Look to ETFs Holding Multi-Family REITs

ProShares Ultra Nasdaq Biotechnology (NASDAQ: BIB) is up more than 42% year to date, including about 7% higher in the past week. This investment seeks daily investment results that correspond to twice (2x) the daily performance of the underlying index. The nondiversified fund concentrates its investments in a particular industry or group of industries to approximately the same extent as the index. Alexion Pharmaceuticals (NASDAQ: ALXN) is one top holding.

ProShares UltraPro QQQ (NASDAQ: TQQQ) is up more than 69% since the beginning of the year, including about 10% in the past week. The investment seeks daily investment results that correspond to three times (3x) the daily performance of the underlying index. Assets of the fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG).

ProShares UltraPro S&P 500 (NYSE: UPRO) is up more than 40% since the beginning of the year, including rising more than 7% in the past week. This investment seeks daily investment results that correspond to three times (3x) the daily performance of the underlying index. The nondiversified fund concentrates its investments in a particular industry or group of industries to approximately the same extent as the index. Apple and Exxon Mobil (NYSE: XOM) are top holdings.

See also: ETFs to Sell in May and Go Away

ProShares Ultra Russell 1000 Growth (NYSE: UKF) is more than 30% higher since the beginning of the year and trading near the 52-week high. This investment seeks daily investment results that correspond to twice (2x) the daily performance of the underlying index. The nondiversified fund concentrates its investments in a particular industry or group of industries to approximately the same extent as the index. Top holdings include Apple, Exxon and IBM (NYSE: IBM).

ProShares Ultra Technology (NYSE: ROM) is more than 40% higher year to date, despite pulling back about 5% in the past month. The investment seeks daily investment results that correspond to twice (2x) the daily performance of the underlying index. Assets of this nondiversified fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, IBM, Google and Intel (NASDAQ: INTC).

Teucrium Soybean (NYSE: SOYB) is trading about 15% higher than three months ago. The investment seeks to have the daily changes in percentage terms of the funds NAV per share reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for the three soybean futures contracts. The fund invests normally in Benchmark Component Futures Contracts or in other Soybean Futures Contracts trade on the CBOT or on foreign exchange.

ACTION ITEMS:

Bullish: Investors may also want to consider the following trades:

  • ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY) is almost 88% higher year to date.
  • UBS E-TRACS Daily Short 2-Month S&P 500 VIX Futures ETN (NYSE: BBVX) is more than 49% higher year to date.
  • iPath Inverse S&P 500 VIX Short-Term Futures ETN II (NYSE: IVOP) is about 44% higher year to date.
Bearish:

Traders may prefer to consider these alternative positions in stocks:

  • Apple (NASDAQ: AAPL) is up almost 44% year to date.
  • Alexion Pharmaceuticals (NYSE: ALXN) is up more than 28% year to date.
  • Microsoft (NASDAQ: MSFT) is up more than 24% year to date.
Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

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