Markets closed sideways but Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares, Direxion Daily FTSE China Bull 3X Shares, Direxion Daily S&P Biotech Bull 3X Shares drop and make it on this unflattering list of yesterday's losing etfs.
What happened after yesterday's session ended? Markets completed a mixed session yesterday while Nasdaq was down 0.29% before closing the session at 12,037. Dow Jones ended the session at 33,875 after a 0.2% gain.
While markets traded sideways yesterday, some etfs suffered significant losses. Here is the list of Top Losers from yesterday:
-3.75%: DRIP lost 3.75% yesterday, ending at $14.12
Yesterday's session suggests a further slow down: a tough session dominated by bearish sentiment left DRIP 55 cents lower, while setting a $14 to $14.82 session range.
More of the same for YINN: down $1.3 (3.13%) for a 6th consecutive day
More of the same from yesterday's session: a tough session dominated by bearish sentiment left YINN $1.3 lower, while setting a $39.85 to $40.82 session range.
-2.83%: LABU falls back to $5.83 after shedding 2.83% yesterday
The prevailing bullish trend is beginning to fade following yesterday's downbeat session. A tough session dominated by bearish sentiment left LABU 17 cents lower, while setting a $5.63 to $6.03 session range.