At the end of November 2025, there was about $160.5 billion invested in leveraged exchange-traded funds and notes (ETFs and ETNs). At that point, fund volumes accounted for approximately 8% of total trading activity on U.S. stock exchanges.  Zoom in on those funds and you’ll see that about 90% of turnover comes from active retail traders. These products have served these traders by democratizing access to institutional-like strategies in products that are readily available. Direxion specializes in providing leveraged ETFs for traders to magnify short term perspectives, utilize bull and bear funds for both sides of the trade, and trade through rapidly changing markets.  Below, we’ll dive deeper into how active traders utilized leveraged EFTs during recent major market events. Active Traders And Leveraged Funds During the 2020 COVID Bear Market If you had to mark the exact moment in history where the current retail investment boom started, it’d likely be here.…