ETF Daily | RKLX Jumps 20%; NBIL Sinks 21%; Energy And Small-Cap Leveraged Funds Lead

Market Overview

U.S. equities finished firmer, with the Dow Jones Industrial Average gaining 0.10%, the S&P 500 advancing 0.25%, and the Nasdaq Composite adding 0.47%.

ETF market tone was risk-on, with broad equity and commodity products firmer while fixed income advanced modestly. Leverage and inverse strategies showed wide dispersion aligned with underlying assets.

Top 5 US ETF Gainers

DEFIANCE DAILY TARGET 2X LONG LMND ETF (LMNX) climbed 32.42%. The fund seeks to deliver two times the daily return of digital insurance platform Lemonade, Inc., and the move reflected a sharp advance in Lemonade’s shares during the session.

Defiance Daily Target 2X Long PL ETF (PLU) gained 20.52%. The product targets two times the daily performance of satellite imagery and geospatial data provider Planet Labs PBC, amplifying the stock’s intraday rally.

Defiance Daily Target 2X Long RKLB ETF (RKLX) advanced 20.43%. The fund aims for two times the daily return of small launch and space systems provider Rocket Lab USA, Inc., magnifying the stock’s climb over the day.

Tradr 2X Short NBIS Daily ETF (NBIZ) spiked 20.31%. Designed to deliver two times the inverse of AI cloud infrastructure provider Nebius Group’s daily return, the ETF benefited as Nebius shares retreated.

Tradr 2X Long WDC Daily ETF (WDCX) rallied 19.18%. The fund targets two times the daily performance of data storage manufacturer Western Digital Corporation, echoing the stock’s intraday strength.

Top 5 US ETF Losers

Tradr 2X Long CRDO Daily ETF (CRDU) plunged 22.27%. The fund seeks two times the daily return of high-speed connectivity semiconductor firm Credo Technology Group Holding Ltd., and the decline tracked a steep slide in Credo’s shares.

GraniteShares 2x Long NBIS Daily ETF (NBIL) declined 21.06%. This product targets two times the daily move in AI cloud infrastructure provider Nebius Group, and it weakened as the underlying stock sold off.

Leverage Shares 2X Long NBIS Daily ETF (NBIG) dropped 21.04%. The ETF’s mandate is to deliver two times the daily return of AI cloud infrastructure provider Nebius Group; losses widened in line with the stock’s session-long decline.

Tradr 2X Long NBIS Daily ETF (NEBX) slipped 20.91%. By seeking two times the daily performance of AI cloud infrastructure provider Nebius Group, the fund mirrored the stock’s retreat in leveraged fashion.

Defiance Daily Target 2x Short RKLB ETF (RKLZ) slid 20.65%. The inverse ETF is designed to produce two times the opposite of Rocket Lab USA, Inc.’s daily move, and it fell as Rocket Lab’s shares rallied.

Top 5 Equity Index ETFs

Direxion Daily Small Cap Bull 3x Shares (TNA) rose 1.84%. The fund seeks three times the daily performance of U.S. small-cap equities, magnifying the cohort’s intraday advance.

Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) added 1.61%. The ETF targets three times the daily return of the MSCI Emerging Markets universe, reflecting strength across those benchmarks during the session.

ProShares UltraPro QQQ (TQQQ) gained 1.47%. The fund aims for three times the daily performance of the Nasdaq-100, tracking the index’s climb in leveraged form.

iShares MSCI Turkey ETF (TUR) advanced 1.42%. The ETF tracks Turkish equities via the MSCI Turkey index, and it moved in step with that market’s intraday rise.

ProShares Ultra Russell 2000 (UWM) climbed 1.38%. The fund seeks two times the daily performance of the Russell 2000 small-cap index, echoing the segment’s positive day.

Top 5 Commodity ETFs

ProShares Ultra Bloomberg Crude Oil (UCO) surged 4.77%. The fund targets two times the daily performance of a crude oil futures benchmark, amplifying the intraday rise in oil prices.

ProShares UltraShort Silver (ZSL) jumped 4.71%. Designed to deliver two times the inverse daily move of silver, the ETF benefited as the metal’s price eased.

VanEck Oil Services ETF (OIH) advanced 3.51%. Holding oilfield services equities tied to energy activity, the fund tracked strength across service providers alongside firmer crude.

United States Oil Fund LP (USO) climbed 3.31%. The ETF provides exposure to front-month WTI futures and moved higher with the rally in crude benchmarks.

PROSHARES ULTRA ENERGY (DIG) gained 2.05%. Seeking two times the daily performance of U.S. energy equities, the fund mirrored the sector’s broad advance.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bull 3x Shares (SOXL) rose 2.35%. The ETF targets three times the daily performance of semiconductor equities, amplifying the chip group’s session gains.

Direxion Daily Energy Bull 2x Shares (ERX) added 2.25%. Aiming for two times the daily return of U.S. energy stocks, the fund reflected the sector’s strength.

Invesco Solar ETF (TAN) gained 1.74%. Concentrated in solar-related equities, the fund followed a broad lift across clean-energy components.

iShares U.S. Transportation ETF (IYT) advanced 1.72%. Focused on airlines, rails, and trucking, the ETF tracked a constructive move in transportation shares.

Invesco DB Commodity Index Tracking Fund (DBC) climbed 1.59%. Linked to a diversified commodities basket via futures, the fund benefited from a synchronized rise across major contracts.

Top 5 Bond ETFs

Infracap REIT Preferred ETF (PFFR) increased 1.17%. The fund invests in preferred securities issued by REITs, and it moved higher alongside its underlying preferreds basket.

First Trust SSI Strategic Convertible Securities ETF (FCVT) gained 0.99%. Targeting a diversified mix of convertibles, the fund reflected a firmer tone in that segment during the session.

First Trust Emerging Markets Local Currency Bond ETF (FEMB) added 0.93%. Focused on local-currency emerging market bonds, the ETF tracked a modest advance in its underlying debt exposures.

Virtus InfraCap U.S. Preferred Stock ETF (PFFA) edged 0.91% higher. Concentrated in U.S. preferred securities, the fund’s price firmed with its income-oriented holdings.

SPDR Portfolio Long Term Corporate Bond ETF (SPLB) rose 0.91%. Offering exposure to long-duration investment-grade corporates, the ETF moved in line with a steady bid across its underlying bonds.

Conclusion

Leveraged products dominated the day’s ETF tape as risk appetite improved, with notable leadership from energy-linked funds and small-cap vehicles. Structural rotation favored commodities and energy exposure alongside semiconductor and transportation themes, while equity index products with higher beta outpaced broad-market trackers. Across asset classes, commodity-linked funds and equity sectors steered gains, with bond and preferred stock ETFs posting gentler advances that complemented the overall risk-on tone. Dispersion between leveraged and inverse strategies was pronounced, highlighted by the long–short pair in Rocket Lab-linked products and the split between inverse and leveraged vehicles tied to the same Nebius Group exposure. Single-stock leveraged ETFs were central to the day’s moves, as vehicles tracking digital insurance, satellite imagery, space launch, AI cloud infrastructure, and data storage names drove the extremes on both sides of the leaderboard.