ETF Update: DRV, TNA, SPY
Thursday, August 05, 2021 7:21 PM

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Direxion Daily Real Estate Bear 3X Shares (NYSEArca: DRV) was one of the biggest gainers among the ETFs on Thursday. The fund rallied 3.77% to close at $26.14. The Direxion Daily Real Estate Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Real Estate Index.

Direxion Daily Small Cap Bull 3X Shares (NYSEArca: TNA) was one of the biggest losers among the ETFs. The fund slumped 3.46% to close at $44.11. The Small Cap Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 2000 Index ("Small Cap Index").

Standard & Poor's Depositary Re (NYSEArca: SPY), as usual, was the most active ETF by share volume. The fund seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks. SPY closed at $112.85 and had a volume of 140.47M shares.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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