Top ETF Movers on Tuesday

On Tuesday the markets have inched down in the morning after closing in green the day before. In the morning, the Dow Jones Industrial Average (INDEXDJX:.DJI) and the S&P 500 INDEX (INDEXCBOE:SPX) declined by 0.06% and 0.11% respectively. Among the top stock gainers is the Charles Schwab Corp (NYSE:SCHW), and Goldman Sachs Group Inc (NYSE:GS), which added around 4.07% and 1.21% respectively on Tuesday morning.

Gold bar

Among the ETFs, the leader on Tuesday morning, the same as the day before is Direxion Daily South Korea Bear 3X Shrs (NYSEARCA:KORZ), which today gained around 4.70% to $22.10. It is followed by Direxion Daily Jr Gld Mnrs Bear 3X Shrs (NYSEARCA:JDST), which appreciated by some 3.30%, currently trading at around $16.90. This ETF gains profits from the inverse activity of the Market Vectors Junior Gold Miners Index. Around 80% of the ETF’s assets is invested in futures, options, equity caps and other securities tracking the performance of the small and mid cap companies in the global gold and silver mining industry. So far today, the price of Gold and Silver has been trading in red.

Another top gainer is Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX), which picked up some 2.60% on Monday, while since the beginning of the year, its return amounts to 13.80%. The Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) is tracking MLPs and energy infrastructure companies from the Solactive MLP & Energy Infrastructure Index, with 80% of its total assets being held in securities from the underlying index.

Opposite to the aforementioned Direxion Daily Jr Gld Mnrs Bear 3X Shrs (NYSEARCA:JDST), the top loser ETF on Tuesday is Direxion Daily Jr Gld Mnrs Bull 3X Shrs (NYSEARCA:JNUG), which holds long positions in securities from the Market Vectors Junior Gold Miners Index. This ETF lost 2.70% on Tuesday, probably being impacted by the decline experienced by the Gold and Silver prices. Overall, over the last three months Direxion Daily Jr Gld Mnrs Bull 3X Shrs (NYSEARCA:JNUG) dropped by some 52%.

Another top loser is First Trust Morningstar Futs Strat (NYSEARCA:FMF), which slid by some 2.2% on Tuesday, and currently trades at around $51.60. This non-diversified ETF is looking for positive returns, which are not directly correlated to fixed income returns or broad market equity, using the Morningstar Diversified Futures Index as a benchmark.

Disclosure: none

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