ETF Daily | SPOG Soars 30%; DOGD Surges 28%; ZSL Jumps 7%; WDCX Drops 17%; HIMZ Sinks 22%

Market Overview

U.S. equities finished mixed, with the Dow Jones Industrial Average up 0.1% while the S&P 500 fell 0.3% and the Nasdaq Composite slipped 0.6%. Across exchange-traded funds, dispersion remained the day’s hallmark: targeted single-stock leveraged products swung widely, commodity-linked funds—particularly precious metals—outperformed, and volatility products eased, pointing to selective positioning rather than broad risk-on or risk-off, with nuclear/uranium and semiconductor themes among relative standouts while some leveraged single-name exposures lagged.

Top 5 Gainers Among U.S. ETFs

Leverage Shares 2x Long SPOT Daily ETF (SPOG) jumped about 30.2%. The fund seeks to deliver twice the daily percentage change of its reference stock, Spotify Technology, using derivatives-based exposure, which mechanically magnifies any one-day move in the underlying share price.

Tradr 2X Long DDOG Daily ETF (DOGD) surged approximately 27.7%. Designed to provide 2x the daily return of Datadog, Inc., the single-stock leveraged structure creates amplified sensitivity to the software company’s daily performance, compounding both gains and losses on an ultra-short horizon.

Tradr 2X Long CRDO Daily ETF (CRDU) gained roughly 18.0%. The product targets 2x the daily move of Credo Technology Group, employing swaps to replicate double exposure to the stock’s daily path, a structure that can produce outsized moves when the underlying is volatile.

Leverage Shares 2x Long FIG Daily ETF (FIGG) climbed about 17.6%. This note-like vehicle aims for two times the daily performance of its designated single-stock reference (“FIG”) and, by design, is tightly linked to the underlying equity’s day-to-day fluctuations via leveraged exposure.

Direxion Daily SHOP Bull 2X ETF (SHPU) advanced around 15.3%. The fund seeks 2x the daily return of Shopify Inc., employing a derivatives overlay to double the stock’s one-day move, a methodology that boosts directional sensitivity to the e-commerce platform’s trading session.

Top 5 Decliners Among U.S. ETFs

Defiance Daily Target 2X Long HIMS ETF (HIMZ) fell about 22.1%. The fund targets 2x the daily performance of Hims & Hers Health; by design, any decline in the underlying stock is magnified through the leveraged daily reset, producing larger percentage losses in down sessions.

Tradr 2X Long CRML Daily ETF (CRMU) dropped roughly 18.4%. This single-stock product aims to double the daily move of its CRML equity reference, and its daily compounding structure increases the amplitude of short-term swings relative to the underlying share.

Tradr 2X Long WDC Daily ETF (WDCX) declined about 16.7%. The fund seeks 2x the daily return of Western Digital Corporation, so its methodology inherently magnifies the storage hardware company’s one-day performance via leveraged exposure and daily resets.

Defiance Daily Target 2X Long RCAT ETF (RCAX) sank approximately 16.5%. Targeting double the daily move of Red Cat Holdings, this leveraged ETF’s losses reflect the mechanical amplification of the underlying stock’s session return profile.

T-Rex 2x Long UPXI Daily Target ETF (PXIU) lost around 16.1%. The product is engineered for 2x the daily performance of Upexi, using derivatives to provide magnified, reset-daily exposure that can lead to sharper moves in volatile trading.

Top 5 Broad Market Index ETFs

Within broad equity indices, flows favored Asia ex-U.S. and downside hedges tied to U.S. growth benchmarks. The iShares MSCI Japan ETF (EWJ) advanced about 2%, reflecting gains in Japanese equities in U.S. trading hours; the unhedged vehicle tracks the MSCI Japan index, translating local equity strength into dollar-denominated performance.

The iShares MSCI Sweden ETF (EWD) rose roughly 1%, driven by its market-cap-weighted exposure to Sweden’s large- and mid-cap equities. The product’s single-country profile transmits domestic stock performance directly to U.S. holders.

ProShares UltraPro Short QQQ (SQQQ) gained about 1%, consistent with its -3x daily inverse exposure to the Nasdaq-100; as the Nasdaq fell, the triple-leveraged inverse vehicle moved proportionately higher for the day.

ProShares UltraShort QQQ (QID) added about 1%, mirroring its -2x daily inverse targeting of the Nasdaq-100. The product’s move was smaller than SQQQ’s, reflecting its lower leverage multiple against the same large-cap growth universe.

Direxion Daily FTSE China Bull 3X Shares (YINN) rose about 1%, aligned with its 3x daily leveraged long exposure to the FTSE China 50. The fund’s performance amplified gains in large-cap China-linked shares, underscoring a constructive day for mainland and Hong Kong-heavy benchmarks.

On the weaker side within broad benchmarks, ProShares UltraPro QQQ (TQQQ) fell around 1% as its 3x daily long exposure to the Nasdaq-100 magnified the downside in large-cap growth. Invesco QQQ (QQQ) declined about 0.5%, tracking the capitalization-weighted Nasdaq-100 without leverage. Core U.S. large-cap beta was modestly weaker, with iShares Core S&P 500 ETF (IVV) and SPDR S&P 500 ETF Trust (SPY) both down roughly 0.3%, and Vanguard S&P 500 ETF (VOO) off by a similar margin, reflecting a mild pullback across mega- and large-cap constituents.

Top 5 Commodity ETFs

Commodity-linked ETFs diverged, with precious metals under pressure and oil flat to slightly higher. ProShares UltraShort Silver (ZSL) gained about 7%, consistent with its -2x daily inverse posture to silver; as spot silver weakened, the fund moved higher with twice the daily magnitude. ProShares UltraShort Gold (GLL) advanced around 2%, reflecting its -2x daily inverse exposure to gold prices and benefiting from bullion’s decline.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) edged up roughly 1%, an idiosyncratic move that can occur when miners’ equity performance deviates from bullion’s direction; the fund’s 2x daily long exposure to gold miners means its path depends on the share prices of exploration and production companies rather than spot gold alone.

DB Gold Double Short ETN (DZZ) rose around 0.4%, in line with its double-short exposure to a gold futures index that benefits from falling gold prices. ProShares UltraShort Bloomberg Crude Oil (SCO) was flat on the session, reflecting the relatively muted intraday movement in crude oil futures and its -2x daily inverse construction.

Declines were concentrated in gold and silver long vehicles. VanEck Junior Gold Miners ETF (GDXJ) slipped about 0.4%, reflecting weakness among higher-beta, smaller-cap gold miners. iShares Silver Trust (SLV) fell about 3%, tracking weakness in spot silver via its physical holdings. SPDR Gold ETF (GLD) declined around 1%, mirroring spot bullion pricing. ProShares Ultra Gold (UGL) fell about 2%, amplifying gold’s downside through its 2x daily long structure. DB Gold Double Long ETN (DGP) lost roughly 3%, consistent with its leveraged long exposure to the gold complex.

Top 5 Industry & Sector ETFs

Sector performance featured notable strength in rate-sensitive real estate and housing-related equities. Direxion Daily Real Estate Bull 3X Shares (DRN) led sector ETFs with a gain of about 4%, reflecting its 3x daily leveraged long exposure to real estate equities as REITs rose. iShares U.S. Home Construction ETF (ITB) climbed roughly 4%, tracking U.S. homebuilders and related suppliers; the fund’s cap-weighted basket benefited from strength across builders and building-product names.

PROSHARES ULTRA MATERIALS (UYM) added nearly 3%, in line with its 2x daily long exposure to U.S. basic materials equities, as the sector’s underlying index advanced. SPDR S&P Homebuilders ETF (XHB) rose about 3%, similarly capturing gains across a broader, equal-weighted slate of homebuilding and home improvement retailers and suppliers. ProShares Ultra Real Estate (URE) advanced around 3%, consistent with its 2x daily long exposure to the Dow Jones U.S. Real Estate Index, amplifying the day’s REIT bid.

On the softer side, interest-rate and cyclically sensitive pockets showed mixed performance. Technology Select Sector SPDR Fund (XLK) fell near 0.6%, tracking a modest pullback in large-cap technology constituents. VanEck Semiconductor ETF (SMH) declined about 0.5%, reflecting a mild pullback in semiconductor shares. Financials lagged broader defensives, with Financial Select Sector SPDR Fund (XLF) down roughly 0.7% and SPDR S&P Bank ETF (KBE) off about 0.9%, consistent with a day in which longer-duration Treasurys rallied and growth benchmarks softened. Retail and metals also underperformed, with SPDR S&P Retail ETF (XRT) down about 1.8% and SPDR S&P Metals & Mining ETF (XME) off nearly 1.9%, aligning with broad consumer and commodity equity weakness. Inverse real estate exposure sold off as cash flowed into REITs, with ProShares UltraShort Real Estate (SRS) down about 2.8% and Direxion Daily Real Estate Bear 3X Shares (DRV) lower by roughly 4%.

Top 5 Bond ETFs

Bonds advanced broadly, with the long end leading, as reflected in gains across duration-heavy funds. iShares 20+ Year Treasury Bond ETF (TLT) rose about 1.2%, indicating a bid for long-duration Treasurys and a drop in long-term yields. SPDR Portfolio Long Term Treasury ETF (SPTL) gained around 1.1%, echoing the strength in the 20+ year maturity bucket.

Investment-grade corporate bonds also firmed, though by less. SPDR Portfolio Long Term Corporate Bond ETF (SPLB) added about 0.5% and Vanguard Long-Term Corporate Bond ETF (VCLT) rose a similar 0.5%, as tighter credit spreads and lower benchmark yields supported the long-duration corporate sleeve. In the intermediate part of the Treasury curve, iShares 7-10 Year Treasury Bond ETF (IEF) advanced roughly 0.4%, consistent with a parallel move lower in yields.

Across broader core exposures, iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total Bond Market ETF (BND) each notched gains near 0.3%, reflecting their diversified mix of Treasurys, agency MBS, and corporates. Mortgage-backed exposures such as iShares MBS ETF (MBB) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB) were up around 0.3%, while TIPS products including iShares TIPS Bond ETF (TIP) and Schwab U.S. TIPS ETF (SCHP) gained about 0.2%, implying a modest move in real yields amid the broader bond rally. Riskier credit was marginally weaker to flat, with high yield funds such as $iShares iBoxx High Yield Corporate Bond ETF (HYG) down about 0.1% and SPDR Bloomberg High Yield Bond ETF (JNK) off by a similar amount, indicating a slight preference for duration over credit beta on the day.

Conclusion

ETF flows and performance on the session reflected a defensive tilt beneath otherwise mixed index prints. Single-stock leveraged longs in select growth names dominated the day’s top gainers, underscoring the continued prominence of targeted, high-beta exposures. Conversely, precious-metals products came under pressure, with both physical silver trackers and leveraged gold notes declining alongside bullion. Sector leadership rotated toward rate-sensitive segments as real estate and homebuilding funds outperformed, while semiconductors, retail, and financials slipped. In fixed income, gains were most pronounced at the long end of the curve, lifting duration-heavy Treasury and investment-grade corporate ETFs and nudging core aggregate funds higher, even as high yield lagged. The pattern points to a modest risk-off, duration-friendly backdrop, with investors favoring defensives and rate-sensitive assets while trimming exposure to cyclicals and momentum-heavy growth baskets.