Market Overview

On Wednesday, Sep 02, the Dow Jones Industrial Average rose 0.56%, the S&P 500 added 0.46%, and the Nasdaq Composite gained 0.45%.

ETF market tone was constructive, with gains concentrated in leveraged single-stock and commodity exposures while some inverse products lagged. Performance dispersion remained wide across leveraged structures.

Top 5 US ETF Gainers

Corgi EOSE 2x Daily ETF (EO) jumped 38.95%. The fund targets two times the daily return of long-duration energy storage manufacturer Eos Energy Enterprises, and it rallied as the underlying shares advanced.

Eos Energy Enterprises outlined revenue expectations for 2026, reported a quarterly loss, plans to consolidate battery manufacturing at the Thorn Hill facility, and appointed Michelle Buczkowski as chief commercial officer.

T-REX 2x Long EOSE Daily Target ETF (EOSU) climbed 38.73%. This product amplifies, by two times, daily moves in Eos Energy Enterprises and increased on the same upswing.

GraniteShares 2X Long DELL Daily ETF (DLLL) gained 31.58%. Designed to deliver two times the daily performance of PC and enterprise hardware maker Dell Technologies, the vehicle rose alongside the stock’s advance.

T-REX 2X LONG ASTS DAILY TARGET ETF (ASUP) advanced 24.34%. The fund targets two times the daily move in satellite communications developer AST SpaceMobile, and it rallied as the underlying firmed.

Tradr 2X Long ASTS Daily ETF (ASTX) added 23.89%. This product magnifies, by two times, daily moves in AST SpaceMobile and participated in the same upward impulse.

Top 5 US ETF Losers

Tradr 2X Long CRDO Daily ETF (CRDU) sank 40.12%. The ETF seeks two times the daily performance of networking semiconductor designer Credo Technology, and it fell as the shares retreated.

Credo Technology shares weakened as commentary highlighted a stock pullback despite the company reporting record non-GAAP profit.

Corgi CRDO 2x Daily ETF (CRD) declined 39.88%. Designed to deliver two times the daily move in Credo Technology, the fund slid on the same downward move.

Defiance Daily Target 2X Short ASTS ETF (ASTN) dropped 24.21%. The vehicle seeks two times inverse exposure to AST SpaceMobile, and it fell as the underlying firmed intraday.

Leverage Shares 2X Long PANW Daily ETF (PANG) retreated 18.56%. The product targets two times the daily return of cybersecurity software company Palo Alto Networks, and it weakened with the stock’s pullback.

Direxion Daily PANW Bull 2X Shares (PALU) slipped 18.46%. This fund provides two times daily exposure to Palo Alto Networks and declined amid the same weakness.

Top 5 Equity Index ETFs

iShares MSCI Brazil ETF (EWZ) rose 4.16%. The fund tracks large- and mid-cap Brazilian equities, and the gain mirrored the MSCI Brazil benchmark’s advance during the session.

Direxion Daily Small Cap Bull 3x Shares (TNA) increased 3.50%. The ETF targets three times the daily performance of the Russell 2000, and it benefited from the index’s intraday strength.

ProShares Ultra Russell 2000 (UWM) added 2.32%. The fund seeks two times the daily move of the Russell 2000 and advanced with small caps.

Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) gained 1.81%. The fund targets three times the daily performance of the MSCI Emerging Markets index and rose alongside emerging market equities.

iShares MSCI South Korea ETF (EWY) advanced 1.74%. The vehicle focuses on large- and mid-cap South Korean equities and reflected gains in the MSCI Korea benchmark.

Top 5 Commodity ETFs

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) climbed 6.18%. The ETF delivers two times daily exposure to the NYSE Arca Gold Miners Index and advanced as gold mining shares strengthened.

DB Gold Double Long Exchange Traded Notes (DGP) rose 5.62%. The ETN seeks two times the daily move of gold prices via futures and benefited from bullion’s advance.

VanEck Junior Gold Miners ETF (GDXJ) increased 4.72%. The fund concentrates on small- and mid-cap gold miners and participated in the sector’s gains.

ProShares Ultra Silver (AGQ) gained 3.87%. The ETF targets two times the daily performance of silver and climbed with the metal’s strength.

VanEck Gold Miners ETF (GDX) added 3.08%. The fund holds large-cap gold mining equities and mirrored the group’s advance.

Top 5 Industry ETFs

ProShares Ultra Materials (UYM) advanced 3.61%. The fund seeks two times daily exposure to U.S. materials equities and benefited from sector strength.

SPDR S&P Metals & Mining ETF (XME) rose 3.23%. The fund concentrates on U.S. metals and mining companies and moved higher with miners.

Direxion Daily Real Estate Bear 3X Shares (DRV) increased 2.35%. The ETF provides three times inverse exposure to U.S. real estate equities and gained as the sector softened.

Direxion Daily Financial Bull 3x Shares (FAS) added 2.30%. The fund targets three times daily performance of U.S. financials and climbed with banks and brokers.

SPDR S&P Bank ETF (KBE) rose 2.09%. The fund holds U.S. bank stocks and tracked the group’s advance.

Top 5 Bond ETFs

VanEck Preferred Securities ex Financials ETF (PFXF) gained 0.74%. The fund invests in preferred securities outside the financial sector and edged higher with the asset class.

First Trust Emerging Markets Local Currency Bond ETF (FEMB) advanced 0.51%. The ETF holds local-currency emerging market bonds and rose with EM fixed income.

iShares Convertible Bond ETF (ICVT) added 0.38%. The fund tracks U.S. convertible bonds and participated in the segment’s gains.

SPDR Bloomberg Convertible Securities ETF (CWB) increased 0.36%. The vehicle invests in U.S. convertible securities and mirrored the market’s uptick.

VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) rose 0.31%. The fund tracks the J.P. Morgan GBI-EM index of local-currency sovereign debt and notched a modest gain.

Conclusion

A risk-on tone dominated ETF trading, with leveraged single-stock products tied to Eos Energy Enterprises and AST SpaceMobile leading gains while inverse exposure to the latter lagged. Commodity-linked vehicles anchored by gold miners also advanced, and small-cap beta products outperformed among index trackers. The session displayed notable dispersion between leveraged longs and their inverse counterparts linked to the same underlyings, underscoring leverage-driven volatility across the coverage set.