SOXL, TQQQ Led ETF Trading Volume in 2024
Leveraged semiconductor ETFs dominated trading activity in 2024 as investors sought enhanced returns amid a rally in the technology sector.
It Direxion Daily Semiconductor Bull 3X Shares (SOXL) led the list of most actively traded ETFs with an average daily volume of 74.9 million shares, according to data from Bloomberg, which looked at average annual trading volume as of Dec. 30.
ProShares UltraPro QQQ (TQQQ)which offers triple leverage on the Nasdaq-100, came in second with an average of 57.8 million shares traded, followed by SPDR S&P 500 ETF Trust (SPY) with 57.7 million shares, data show.
The trading of leveraged semiconductor and technology ETFs comes as investors put more than $1 trillion into U.S.-based ETFs in 2024, a record year for the investment vehicle amid a 25% gain in the S&P 500 :
The increase in trading volume for these products underscores investors’ growing comfort with sophisticated ETF strategies in search of better returns.
It iShares China Large Cap ETF (FXI) recorded the fourth-highest volume of 46.3 million shares year-to-date as traders reacted to volatility in China’s economy and growing worries.
Direxion’s 2X Leveraged Tesla ETF (TSLL) rounded out the top five with 42.7 million shares traded, capitalizing on the electric automaker’s price swings.
It Financial Select Sector SPDR Fund (XLF) An average of 40.7 million shares were traded as investors positioned for interest rates, the data showed.
Long-Term Treasury ETF TLT, the: iShares 20+ Year Treasury Bond ETFAccording to the data, 39.9 million shares were traded year-to-date, reflecting bond market activity amid interest rate uncertainty.
Meanwhile, bearish investors fetched 37.5 million shares for the company Direxion Daily S&P 500 Bear 3X (SPXS)while traditional technology orientation Invesco QQQ Trust (QQQ) 37.1 million shares were sold.
It Direxion Daily Semiconductor Bear 3X (SOXS)Opposite counterpart SOXL rounded out the top 10 with 36.7 million shares traded, highlighting how traders played both sides of the semiconductor sector.
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