Direxion Daily Utilities Bull 3X Shares

UTSL

Market cap $41.4M

DFEN, USD, UTSL and WILD posted double-digit gains in July as tech strength, trade optimism and Fed stability lifted markets.

Market volatility is causing investors to seek the safety of uncorrelated assets like gold and bonds. However, the utilities sector could offer up a safe haven sector that traders could also take advantage of during heavy market fluctuations.

We highlight a bunch of the best-performing leveraged equity ETFs halfway through the first quarter.

The S&P 500 Utilities Index is up over 20% year to date, outpacing even the broader S&P index. Traders can use utilities as a piggyback play on artificial intelligence (AI) as the demand for electricity grows.

All three major indices posted monthly gains, defying the historical slowdown for the month.

We have highlighted a bunch of the best-performing leveraged equity ETFs that have gained 50% or more in the third quarter.

We highlight a bunch of the best-performing leveraged equity ETFs that have gained more than 70% in the first nine months of 2024.

After witnessing steep sell-offs at the start of August, all three major indices end the month with double-digit gains.

When markets get volatile, investors tend to flock to safe haven sectors that can offer stability regardless of whether experts deem the economy to be in a recession. One of those sectors is utilities.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.