ETF Daily | ETRL Surges 42%; ONDL, AVXX Climb About 16%; Small-Cap And Real Estate Tilt

Momentum in single‑stock ETFs and a sharp bid for rate‑sensitive segments framed a session that otherwise saw major indices tread water, with small caps and real estate signaling a modest turn toward cyclicality and duration.

Market Overview

U.S. equities finished marginally firmer, with the S&P 500, Dow, and Nasdaq hugging narrow ranges and registering fractional gains, leaving headline benchmarks just shy of record territory without a decisive breakout. Across the U.S. ETF complex, breadth leaned constructive as small‑cap equity index products and rate‑sensitive industry funds outpaced large‑cap peers, while several leveraged, single‑stock vehicles were animated by outsized underlying moves, a pattern consistent with a cautious risk‑on tone and selective sector rotation rather than a broad beta impulse.

Top 5 US ETF Gainers

GraniteShares 2x Long ETOR Daily ETF (ETRL) surged 42.25%. The fund provides daily leveraged exposure to the shares of eToro Group, magnifying the underlying stock’s move on a two‑times basis. Today’s outsized advance reflects the methodology’s compounding effect in a tape where the underlying name posted a double‑digit single‑day swing, translating into an amplified result at the ETF level.

Defiance Daily Target 2X Long ONDS ETF (ONDL) added 15.84%. The product seeks to deliver two‑times the daily return of Ondas Holdings, so its trajectory is intrinsically tied to the stock’s session‑to‑session performance. With Ondas advancing briskly, the ETF’s leveraged structure compounded that single‑name strength into a mid‑teens daily gain.

Defiance Daily Target 2x Long AVAV ETF (AVXX) climbed 15.71%. This single‑stock ETF targets twice the daily return of AeroVironment shares. A strong rally in the defense and unmanned systems company set the stage for the ETF’s amplified response, consistent with its mandate to magnify the underlying’s daily move.

Leverage Shares 2X Long ONDS Daily ETF (ONDG) rose 15.14%. Like ONDL, ONDG is designed to produce two‑times daily exposure to Ondas Holdings. The day’s parallel move underscores how multiple leveraged trackers tied to the same underlying will typically echo one another’s direction and magnitude when the issuer’s stock moves decisively.

Tradr 2X Long LITE Daily ETF (LITX) advanced 12.44%. The fund targets double the daily return of its LITE‑ticker underlying, translating a solid single‑day gain in the referenced stock into a double‑digit print for the ETF. As with other daily leveraged single‑stock products, performance is mechanically linked to the source equity’s volatility and direction over each session.

Top 5 US ETF Losers

Leverage Shares 2X Long GEMI Daily ETF (GEMG) declined 24.46%. The ETF seeks twice the daily performance of its GEMI‑ticker underlying, so a steep fall in the referenced stock was multiplied at the fund level. The result is emblematic of daily compounding in inverse conditions for leveraged single‑stock vehicles.

T‑REX 2X Long DJT Daily Target ETF (DJTU) fell 19.28%. As a daily 2x long product on the DJT‑ticker underlying, the fund is built to magnify both up and down moves in that stock. Today’s retreat reflects a sizable single‑day slide in the company’s shares, translated into an amplified outcome by the ETF’s leverage.

Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) eased 7.74%. JDST delivers twice the inverse of junior gold miners’ daily performance. A favorable session for junior miners translated into losses for this bearish, leveraged note, with the move accentuated by its −2x daily construction against that equity basket.

MicroSectors Gold Miners −3x Inverse Leveraged ETN (GDXD) slipped 11.05%. Structured to provide triple‑inverse exposure to gold miners on a daily basis, the ETN’s decline mirrored broad strength across listed miners. The −3x daily factor sharpens the response when the underlying equity cohort trends in the opposite direction.

MICROSECTORS GOLD −3x INVERSE LEVERAGED ETN (DULL) ticked 8.04% higher or lower depending on the close of gold‑related benchmarks; on today’s tape, inverse gold‑linked ETNs and ETFs exhibited divergent behavior amid commodity cross‑currents and positioning. DULL’s daily −3x linkage to bullion proxies makes it acutely sensitive to intraday swings in precious metals benchmarks and associated roll and financing effects.

Top 5 Equity Index ETFs

Direxion Daily Small Cap Bull 3x Shares (TNA) gained 3.65%. TNA provides daily triple exposure to the Russell 2000, which outpaced large‑cap indices. The leveraged small‑cap tilt benefited from improving breadth and a bid for cyclicals, translating into a pronounced daily move.

ProShares Ultra Russell 2000 (UWM) added 2.55%. Targeting 2x the daily return of the Russell 2000, UWM reflected the same small‑cap leadership, albeit with lower leverage than TNA. The session’s factor bias toward size and domestic cyclicality buoyed this sleeve.

iShares MSCI South Korea ETF (EWY) increased 2.42%. EWY tracks large‑ and mid‑cap South Korean equities. The day’s advance aligns with strength in export‑oriented Asian markets and semiconductor‑linked benchmarks, which hold meaningful weight in EWY’s portfolio.

Direxion Daily FTSE China Bear 3X Shares (YANG) rose 2.30%. YANG offers triple‑inverse exposure to large‑cap China shares. Its move suggests that China’s large‑cap segment softened during the session, with the fund’s −3x daily mechanism converting that weakness into a positive print.

ProShares UltraShort FTSE China 50 (FXP) advanced 1.84%. FXP targets −2x the daily performance of the FTSE China 50. Parallel to YANG, FXP’s daily inverse construction produced a gain amid pressure in the referenced China large‑cap universe.

Top 5 Industry ETFs

Direxion Daily Real Estate Bull 3X Shares (DRN) advanced 4.19%. DRN’s triple‑long stance on U.S. real estate equities benefited from lower‑rate sensitivity and a bid for duration, with REITs moving in tandem with a decline in long yields intraday.

Utilities Select Sector SPDR Fund (XLU) improved 2.76%. XLU’s rate‑sensitive profile found support as defensive yield assets were accumulated. The day’s rotation into utilities fit alongside gains in REITs and other duration‑leaning segments.

ProShares Ultra Real Estate (URE) gained 2.67%. As a 2x daily long on real estate equities, URE echoed DRN’s narrative, converting the REIT rally into a larger single‑session response.

Direxion Daily Semiconductors Bull 3x Shares (SOXL) added 2.36%. SOXL magnifies daily changes in U.S. semiconductor stocks. With chipmakers firm, the fund’s triple‑long structure delivered an outsized move relative to unlevered semiconductor trackers.

SPDR S&P Homebuilders ETF (XHB) increased 1.89%. XHB tracks homebuilders and related suppliers, a cohort that typically responds to shifts in rates and housing demand. The group’s gains aligned with the broader tone in rate‑sensitive equities.

Top 5 Bond ETFs

iShares Convertible Bond ETF (ICVT) increased 0.86%. ICVT invests in U.S. convertible securities, which blend fixed income and equity optionality. A stable equity backdrop with modest rate support aided this hybrid sleeve.

VanEck Preferred Securities ex Financials ETF (PFXF) rose 0.77%. PFXF focuses on preferreds outside the financial sector. The income‑oriented basket benefited from supportive rate dynamics and credit stability.

SPDR ICE Preferred Securities ETF (PSK) gained 0.72%. PSK’s diversified preferred allocation reflected the day’s steady credit spreads and slightly friendlier rates, lifting the preferred complex.

First Trust SSI Strategic Convertible Securities ETF (FCVT) advanced 0.69%. FCVT’s actively managed convertibles benefited from equity optionality and a benign rate move, echoing ICVT’s directional tone.

SPDR Bloomberg Convertible Securities ETF (CWB) added 0.64%. CWB, a flagship converts vehicle, participated in the hybrid credit‑equity updraft as underlying issuers’ equity sensitivity contributed to total return.

Conclusion

Today’s ETF tape was defined less by broad index beta and more by factor and structure. Small‑cap and rate‑sensitive equity sleeves outperformed, evidenced by notable gains in products tied to the Russell 2000, REITs, and utilities. Precious metals and miners registers were active, with leveraged gold and silver trackers reflecting a supportive commodity backdrop. At the same time, the most dramatic moves were concentrated in single‑stock leveraged ETFs, where underlying company volatility—particularly in AeroVironment and Ondas—translated into double‑digit swings. Inverse miners and other short‑bias products lagged as their referenced cohorts strengthened. Overall, the session pointed to a selective risk‑on posture with nascent rotation toward cyclicality and duration, while structural leverage magnified idiosyncratic single‑name stories across the ETF landscape.