This comes after a strong week for the index, which is up 2.67% year-to-date.
The IWM has benefited from exposure to small cap stocks, which have outperformed large caps this year.
S&P 500 ETF
S&P 500 Index funds are up 1.61%. The SPDR S&P 500 ETF is one of the most traded ETFs and it tracks the S&P 500 Index.
With a 2.24% increase, the Invesco QQQ Trust (QQQ) is one of the top performers today.
The JNUG saw a 5.16% dip today. This marks a downward trend for the mining industry as a whole. Investors will be keeping a close eye on this sector in the coming days.
The iShares Silver Trust (SLV) is down 2.64% today. This exchange-traded fund tracks the price of silver, and is a popular way for investors to gain exposure to this precious metal. With silver prices down sharply today, it’s no surprise that the SLV is taking a hit.
Investors were caught off guard by the sudden drop in the UVXY, indeed the ProShares Ultra VIX Short-Term Futures ETF (UVXY) plunged 7.55% today.
Investors were pleased with the performance of ProShares UltraPro QQQ (TQQQ) today, as the stock rose 6.43%. This was a welcome relief after yesterday’s decline, and investors are hoping that the trend will continue.