In this article, we discuss the 5 biggest ETFs by volume. If you want to read our detailed discussion on the ETF industry and performance, head over to 20 Biggest ETFs by Volume.
5. Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL)
Volume as of August 28: 73,315,251
Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL)’s objective is to achieve daily returns of 300%, or 300% of the inverse, of the performance of the ICE Semiconductor Index, prior to accounting for fees and costs. Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL) was introduced on March 11, 2010. At present, it features an expense ratio of 0.94%. It is one of the biggest ETFs by volume.
4. Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS)
Volume as of August 28: 101,736,427
Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS)’s objective is to achieve daily returns of 300%, or 300% of the inverse, of the performance of the ICE Semiconductor Index, before accounting for fees and costs. The ETF was established on March 11, 2010. At present, it has an expense ratio of 0.94%. Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS) is one of the biggest ETFs by volume.
3. SPDR S&P 500 ETF Trust (NYSE:SPY)
Volume as of August 28: 102,325,103
SPDR S&P 500 ETF Trust (NYSE:SPY)’s goal is to mirror the price and yield performance of the S&P 500® Index, before accounting for expenses. SPDR S&P 500 ETF Trust (NYSE:SPY), launched in January 1993, holds the distinction of being the inaugural exchange traded fund listed in the United States. As of August 29, 2023, the ETF features a gross expense ratio of 0.0945%. Its assets under management amount to $408.40 billion.
Microsoft Corporation (NASDAQ:MSFT) is one of the top holdings of SPDR S&P 500 ETF Trust (NYSE:SPY). According to Insider Monkey’s quarter database, Microsoft Corporation (NASDAQ:MSFT) was part of 300 hedge fund portfolios, compared to 289 in the preceding quarter. Bill & Melinda Gates Foundation Trust is the largest stakeholder of the company, with 39.2 million shares worth $13.3 billion.
Mairs & Power Growth Fund made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its second quarter 2023 investor letter:
“Regarding stock selection in the first half, Nvidia (NVDA) was a massive outperformer, up 189.54%. Amazon and Microsoft Corporation (NASDAQ:MSFT) were also positive contributors, up 55.19% and 42.66%, respectively. All three stocks benefited from a renewed interest in growth stocks by investors in the first half of the year.
Microsoft (MSFT) was another positive contributor to performance in the first half. The company continued to take share in cloud computing. Its strong relationships with customers, as well as knowledge of their businesses, differentiates its offering, which is also helped by leading investments in AI. We expect the company will continue to integrate AI tools into most of its productivity suite of software in the not-too-distant future. This should help with employee productivity and the labor constraints of most of its customers.”
Follow Microsoft Corp (NASDAQ:MSFT)
Follow Microsoft Corp (NASDAQ:MSFT)
2. ProShares UltraPro QQQ (NASDAQ:TQQQ)
Volume as of August 28: 139,144,691
ProShares UltraPro QQQ (NASDAQ:TQQQ) aims to achieve daily returns that are three times (3x) the daily movement of the Nasdaq-100 Index, before accounting for fees and costs. The ETF was created on February 9, 2010. It comes with a gross expense ratio of 0.98% and delivers a dividend yield of 0.73%. ProShares UltraPro QQQ (NASDAQ:TQQQ) is one of the biggest ETFs by volume.
1. ProShares UltraPro Short QQQ (NASDAQ:SQQQ)
Volume as of August 28: 214,022,804
ProShares UltraPro Short QQQ (NASDAQ:SQQQ) aims to achieve daily returns that are three times the opposite (-3x) of the daily movements of the Nasdaq-100 Index, before deducting fees and costs. The fund was launched on February 9, 2010, and has a net expense ratio of 0.95%. ProShares UltraPro Short QQQ (NASDAQ:SQQQ) is one of the biggest ETFs to monitor.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 30 Countries with Highest Rates of Emigration and 16 Most Shorted Stocks Right Now.
