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.