Prolonged Heat Wave Could Keep This Utilities ETF Boiling
September 02, 2022 at 13:28 PM EDT
The cost of rising utilities can offer investors an inflation hedge, but another catalyst is record-breaking heat in the Western region of the United States. It’s helping to propel the Direxion Daily Utilities Bull 3X Shares (UTSL) to a 19% gain in the last three months. The heat wave in states like California is applying pressure [...] The post Prolonged Heat Wave Could Keep This Utilities ETF Boiling appeared first on ETF Trends .