Markets closed sideways but SPDR S&P Regional Banking ETF, ETFMG Alternative Harvest ETF, Direxion Daily S&P Biotech Bull 3X Shares drop and make it on this unflattering list of today's losing etfs.
A review of what happened today: markets did not have a clear cut direction — S&P 500 closed 4,155 after a stable day. Dow Jones closed at 33,977 after a flat day.
Current market events are being influenced by ambiguous macro data as United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million.
While markets traded sideways today, some etfs suffered significant losses. Here is the list of Top Losers from today:
-2.16%: KRE falls back to $42.63 after shedding 2.16% today
A tough session dominated by bearish sentiment left KRE 94 cents lower, while setting a $42.35 to $43.63 session range.
ETFMG Alternative Harvest ETF | Closed today's session at $3.33
Having set a significant low of $3.31 4 days ago, ETFMG Alternative Harvest ETF is trading 2.72% higher.
Is the bullish run coming to an end? Biotech Bull and Bear 3X ETF closed at $5.79 (-1.7%)
Today's session suggests run might be coming to an end — a tough session dominated by bearish sentiment left LABU 10 cents lower, while setting a $5.62 to $6.03 session range.