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Top Performing ETFs of the Week

These were the top performing ETFs of last week.

BNKD — MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs +13.10%

DRN — Direxon Daily Real Estate Bull 3X Shares +11.59%

UTSL — Direxion Daily Utilities Bull 3X Shares +11.40%

UPW — ProShares Ultra Utilities +7.97%

KCCA — KraneShares California Carbon Allowance Strategy ETF. +7.95%

ETF Newz Says:

These are rallying based on Interest Rates dropping a bit last week, utilities usually struggle with interest rates on the rise. Homebuilders have not done well facing higher rates, so this is a bit of rebound based on being oversold.