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May 30, 2023Markets 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
Before today's session begins, here is a reminder of recent events: markets were up Friday; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.
Despite Friday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
ProShares UltraPro Short QQQ | Currently down 7.62% at $22.91
ProShares UltraPro Short QQQ hit a significant low of $22.91 around 4 days ago, but has since recovered 8.25%.
Direxion Daily Semiconductor Bear 3x Shares | Closed Friday's session at $11.35
Direxion Daily Semiconductor Bear 3x Shares is now trading 24.23% above the significant low ($11.35) it slumped to 4 days ago.
-9.8%: FNGD closed at $11.69 after losing 9.8% Friday
Friday's session continued the recent downtrend: a tough session dominated by bearish sentiment left FNGD $1.27 lower, while setting a $11.55 to $12.95 session range.
