ETFs Last Week: These 5 Funds Defied Wall Street's Bloodbath
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Market Reaction to Tariffs: Global markets experienced a significant downturn following President Trump's announcement of new tariffs, leading to a 10.5% drop in the S&P 500 and a bear market for the Nasdaq 100, as investors reacted to fears of a trade war with China and other nations.
Performance of ETFs: Amidst the market chaos, certain ETFs that focus on volatility and shorting specific sectors saw substantial gains, including ProShares VIX Short-Term Futures ETF (up 45.5%) and Direxion Daily MU Bear 1X Shares (up 28.7%), benefiting from increased investor demand for protection against market declines.
Analyst Views on VIXY
Wall Street analysts forecast VIXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIXY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
