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May 28, 2023
Markets closed higher yet Direxion Daily Semiconductor Bear 3X Shares, MicroSectors FANG+ Index -3X Inverse Leveraged ETN, ProShares UltraPro Short QQQ top this unflattering list of Friday's losers
A quick update: leading equity indices in the US rose as Nasdaq gained 2.19% and closed at 12,976. S&P 500 closed the day at 4,205.45, having gained 1.3%.
Despite Friday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-7.62%: SQQQ closed at $22.91 after losing 7.62% Friday
More of the same from Friday's session: a tough session dominated by bearish sentiment left SQQQ $1.89 lower, while setting a $22.72 to $24.6 session range.
Direxion Daily Semiconductor Bear 3x Shares ended the session at $11.35, continuing its bearish run
Friday's session continued the recent downtrend: a tough session dominated by bearish sentiment left SOXS $2.75 lower, while setting a $11.13 to $13.51 session range.
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | Closed $1.27 (-9.8%) lower at $11.69
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN is now trading 10.86% above the significant low ($11.69) it slumped to 2 days ago.
