Week's Best Bets: Top 5 ETFs to Consider - February 14, 2024
2min read 
It's hard to believe, but at the beginning of 2023 there was a lot of trepidation about rising interest rates, inflationary pressures and potential economic slowdowns both at home and abroad. But when all was said and done, the S&P 500 tacked on an impressive 24% last year.
If you're looking to cash in on this bull market, the following five ETFs all offer interesting ways to play this potential uptrend as we charge ahead into 2024:
1.NVDX ETF · T-Rex 2X Long NVIDIA Daily Target ETF
The NVDX ETF has risen 95.1% in the past two months as of February 7th.
The NVDX Exchange Traded Fund (ETF) is provided by Tuttle Capital Management. It is built to track an index: NVIDIA. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
2.MSOX ETF · AdvisorShares MSOS 2X Daily ETF
The MSOX ETF has risen 93.09% in the past two months as of February 7th.
The MSOX Exchange Traded Fund (ETF) is provided by AdvisorShares. It is built to track an index: (ETF) AdvisorShares Pure US Cannabis ETF. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
3.TSLZ ETF · T-REX 2X Inverse Tesla Daily Target ETF
The TSLZ ETF has risen 64.88% in the past two months as of February 7th.
The TSLZ Exchange Traded Fund (ETF) is provided by Tuttle Capital Management. It is built to track an index: Tesla. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
4.FBL ETF · GraniteShares 2x Long META Daily ETF
The FBL ETF has risen 62.25% in the past two months as of February 7th.
The FBL Exchange Traded Fund (ETF) is provided by GraniteShares. It is built to track an index: Meta. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
5.TSDD ETF · GraniteShares 2x Short TSLA Daily ETF
The TSDD ETF has risen 53.05% in the past two months as of February 7th.
The TSDD Exchange Traded Fund (ETF) is provided by GraniteShares. It is built to track an index: Tesla. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
ETF Advantages
Diversification: ETFs offer investors instant diversification, whether across the broad market, asset classes, market sectors, or specific industries.
Accessibility and flexibility: Because ETFs trade like stocks, you can buy and sell them anytime during a trading session. In addition, you can short-sell them and buy them on margin.
Financial Industry Regulatory Authority. Exchange-Traded Funds and Products: Overview.
Low fees: The expense ratios of most ETFs are lower than that of the average mutual fund. The average expense ratio for an index ETF was 0.16% in 2022. As of 2024, the SPDR S&P 500 ETF (SPY) had an expense ratio of 0.0945%.
Liquidity: Popular ETFs normally are highly liquid. This means they can be sold easily, and at a narrow bid-ask spread.
Tax efficiency: Due to their passive management, ETFs usually have fewer capital gains, which means investors may pay less in taxes. In addition, in-kind (as opposed to cash) exchanges for an ETF's securities also result in less capital gains.