Against the current: Markets are down, yet ProShares UltraShort Bloomberg Crude Oil, MicroSectors FANG+ Index -3X Inverse Leveraged ETN, ProShares UltraPro Short QQQ go up and make this list of top gainers.
The leading indices are currently lower — S&P 500 drawing back 1.44% to 3,941.32. Nasdaq slipping 1.83% and closing at 11,034.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3.
Markets are falling this session, but some ETFs are registering gains. Take a look at today's positive market movers.
ProShares UltraPro Short QQQ | +5.69% in mid-session
SQQQ got off to a strong start by gaining $2.49 (+5.69%), only to run out of steam later in the session around $46.46. Currently, SQQQ is trading around the $46.34 level.
Direxion Daily Semiconductor Bear 3x Shares | +5.61% in mid-session
After closing the previous trading day at $32.86, Direxion Daily Semiconductor Bear 3x Shares tested the upside around $34.87 today before settling back around $34.7 as bullish sentiment faded.
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | +5.77% in mid-session
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN is now trading 48.25% below the significant high of $89.45 it set around 6 months ago.
ProShares UltraShort Bloomberg Crude Oil | +8.16% in mid-session
ProShares UltraShort Bloomberg Crude Oil trades at $27.75 after gaining $2.09 (8.16%).