In Tuesday's trading session, major Exchange Traded Funds (ETFs) demonstrated mixed results, with the SPDR S&P 500 ETF Trust (NYSEARCA: ASX:SPY) and the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:NYSE:DIA) recording losses of 0.2% and 0.6% respectively, while the Invesco QQQ Trust (NASDAQ: QQQ) saw a modest increase of 0.3%.
Leveraged ETFs ProShares Ultra QQQ (NYSEARCA: QLD) and Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) were particularly noteworthy due to their unusually high trading volumes. QLD, which is a leveraged version of QQQ, traded approximately 18.36 million shares, quadrupling its average volume. Despite a monthly loss of 5.9%, the ETF managed to post a gain exceeding 0.5% in Tuesday's session.
Similarly, TMF, a leveraged U.S. treasury ETF, saw trading volumes surge to around 79.22 million shares, more than double its daily average of 34 million shares. This occurred despite a substantial monthly downturn of 30%. However, TMF was able to register a notable gain of 4.3% in the session.
These fluctuations in major and leveraged ETFs highlight the dynamic nature of the market and underscore the ongoing investor interest in these financial instruments.
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