Market Overview

On Thursday, Aug 27, the Dow Jones Industrial Average added 0.20%, the S&P 500 rose 0.72%, and the Nasdaq Composite advanced 1.57%.

ETF market tone was constructive, with leveraged long products broadly firmer while inverse and short exposures generally eased.

Top 5 US ETF Gainers

Leverage Shares 2x Long OKTA Daily ETF (OKTG) surged 56.94%. The ETF seeks two times the daily move of identity and access management software provider Okta Inc., and it rallied as the underlying shares advanced during the session.

Analysts indicated Okta is seeing early momentum in agentic AI and raised their forecasts following stronger-than-expected results.

Leverage Shares 2X Long CRM Daily ETF (CRMG) jumped 44.26%. Designed to deliver two times the daily performance of enterprise CRM software company Salesforce, the ETF climbed as the stock strengthened.

GraniteShares 2x Long CRWD Daily ETF (CRWL) gained 39.83%. This product amplifies, by two times, daily moves in endpoint cybersecurity company CrowdStrike and rallied alongside the company's upswing.

Corgi CRWD 2x Daily ETF (CRWC) advanced 39.70%. The fund targets two times the daily return of CrowdStrike, and it increased in step with the shares.

ProShares Ultra Solana ETF (SLON) rose 26.64%. The vehicle provides two times exposure to the Solana token, and it added as the cryptocurrency strengthened intraday.

Top 5 US ETF Losers

Defiance Daily Target 2X Short MSTR ETF (SMST) declined 23.11%. The vehicle seeks two times the inverse of bitcoin treasury company MicroStrategy, and it fell as the underlying shares firmed.

Coolpad Group said it plans to acquire a stake in MicroStrategy.

T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) dropped 22.96%. The fund provides two times inverse exposure to MicroStrategy, and it slipped as the stock advanced.

GraniteShares 2x Long P Daily ETF (PUL) sank 18.28%. Designed to deliver two times the daily performance of its single-stock underlying, the ETF retreated as the shares weakened.

T-Rex 2X Inverse NVDA Daily Target ETF (NVDQ) slid 17.38%. The fund targets two times inverse exposure to AI chip company NVIDIA, and it lost ground as the chipmaker advanced.

GraniteShares 2x Short NVDA Daily ETF (NVD) decreased 16.93%. This product provides two times inverse daily exposure to NVIDIA, and it declined as the stock strengthened.

Top 5 Equity Index ETFs

ProShares UltraPro QQQ (TQQQ) climbed 4.02%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index's intraday strength.

ProShares Ultra QQQ (QLD) added 2.74%. The fund seeks two times the daily return of the Nasdaq-100, and the gain mirrored the benchmark's advance.

ProShares UltraShort FTSE China 50 (FXP) increased 2.62%. The product offers two times inverse exposure to the FTSE China 50, and it rose as large-cap Chinese equities softened.

Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) advanced 2.55%. The fund focuses on small-cap China A-shares via the CSI 500, and it climbed with the cohort's move higher.

Direxion Daily FTSE China Bear 3X Shares (YANG) gained 2.50%. This vehicle delivers three times inverse exposure to the FTSE China 50, and it advanced amid weakness in the underlying market.

Top 5 Commodity ETFs

ProShares Ultra Silver (AGQ) rose 3.89%. The fund aims for two times the daily move in silver prices, and it rallied alongside the metal.

VanEck Oil Services ETF (OIH) advanced 2.49%. The ETF holds oilfield services and equipment providers, and the move aligned with strength across energy services shares.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) climbed 2.43%. This product targets two times the daily performance of gold miners, and it strengthened with the group.

ProShares Ultra Bloomberg Crude Oil (UCO) increased 2.25%. The fund delivers two times exposure to West Texas Intermediate crude oil, and it gained as futures firmed.

United States Oil Fund LP (USO) added 2.09%. The ETF tracks front-month West Texas Intermediate crude contracts, and it advanced with the day's crude bid.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.53%. The fund targets three times the daily performance of U.S. semiconductor equities, and it rose with chip stocks.

Technology Select Sector SPDR Fund (XLK) advanced 3.14%. The ETF concentrates on large-cap U.S. technology shares, and it moved higher in step with the day's sector tone.

VanEck Semiconductor ETF (SMH) gained 3.10%. The fund focuses on leading semiconductor manufacturers, and it participated in the industry's strength.

Direxion Daily Real Estate Bear 3X Shares (DRV) rose 2.97%. This vehicle offers three times inverse exposure to U.S. real estate equities, and it increased as the sector eased.

SPDR S&P Metals & Mining ETF (XME) added 2.24%. The ETF spans U.S. metals and mining companies, and it climbed alongside commodity-linked equities.

Top 5 Bond ETFs

First Trust SSI Strategic Convertible Securities ETF (FCVT) gained 0.73%. The fund invests in a mix of U.S. and global convertible securities, and it edged higher with credit-sensitive paper.

iShares Convertible Bond ETF (ICVT) advanced 0.58%. The ETF holds U.S. convertible bonds across issuers, and it rose modestly during the session.

Infracap REIT Preferred ETF (PFFR) increased 0.46%. The fund targets preferred securities issued by U.S. REITs, and it added as the space firmed.

Virtus InfraCap U.S. Preferred Stock ETF (PFFA) added 0.29%. The actively managed ETF focuses on U.S. preferred stocks, and it gained slightly on the day.

Invesco Preferred ETF (PGX) rose 0.28%. The fund invests in investment-grade preferred securities, and it inched higher.

Conclusion

Risk appetite dominated ETF trading, with leveraged single-stock products tied to identity and cybersecurity names leading gains while semiconductor leverage also outperformed. Inverse funds linked to MicroStrategy and NVIDIA lagged as the underlying shares firmed, underscoring pronounced dispersion between leveraged longs and their inverse counterparts. Broad technology-focused index vehicles advanced, and commodity-linked products in silver, gold miners, and oil added to positive breadth. Preferred and convertible bond funds edged higher, rounding out a session defined by leverage-driven moves across equities and crypto exposures.