ProShares Ultra Bloomberg Natural Gas is marking a challenging day, drops 9.68%
Today's session is well on its way: markets are mixed with Dow Jones up 0.71%, trading at 33,500. Nasdaq slipping 0.71% and closing at 12,135.
Current market events are being influenced by ambiguous macro data as United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5.
With markets currently trading sideways, some etfs are taking serious losses. Here is the list of top losers:
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | -7.81% in mid-session
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares has fallen back around 47.1% over the past 8 months, from a notable high of $27.6.
-8.96%: ProShares UltraShort Bloomberg Crude Oil falls $2.26 following previous session close at $25.22
ProShares UltraShort Bloomberg Crude Oil is range-bound between $22.49 and $23.18 today after shedding $2.26 and closing at $25.22 Friday.
ProShares Ultra Bloomberg Natural Gas | -9.68% in mid-session
ProShares Ultra Bloomberg Natural Gas is now trading 97.26% below the significant high of $131.79 it set around 9 months ago.