Markets closed sideways but ProShares Ultra Bloomberg Natural Gas, United States Natural Gas Fund, LP, iShares MSCI Brazil ETF drop and make it on this unflattering list of yesterday's losing etfs.
A quick update before today's session: markets did not have a clear cut direction — Dow Jones slipped 0.23% and closed at 33,900. Nasdaq closed at 12,157 after a flat day.
Current market events are being influenced by ambiguous macro data as data from United States concerning Crude Oil Inventories was released yesterday at 14:30 UTC. Newly published figures emphasized continued decline from last month's figure of 597,000 to -4.58 million this month.
While markets traded sideways yesterday, some etfs suffered significant losses. Here is the list of Top Losers from yesterday:
-4.27%: EWZ lost 4.27% yesterday, ending at $27.77
Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left EWZ $1.23 lower, while setting a $27.72 to $28.29 session range.
-4.9%: UNG falls back to $7 after shedding 4.9% yesterday
A tough session dominated by bearish sentiment left UNG 35 cents lower, while setting a $6.91 to $7.09 session range.
-9.19%: BOIL closed at $3.46 after losing 9.19% yesterday
A tough session dominated by bearish sentiment left BOIL 35 cents lower, while setting a $3.41 to $3.57 session range.