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June 12, 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 today's losers
Following today's session, leading equity indices in the US rose as Nasdaq gained 1.53% and closed at 13,462. S&P 500 ended the session at 4,339 after a 0.93% gain.
More data out today as United States Federal Budget Balance (May) came out at -240 billion, while a consensus of analysts was expecting -236 billion.
Despite today's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-5.03%: SQQQ falls back to $20.69 after shedding 5.03% today
Today's session continued the recent downtrend: ProShares UltraPro Short QQQ slid down from $21.79 to $20.69, taking a $1.09 loss (5.03%)
Direxion Daily Semiconductor Bear 3x Shares | Currently down 9.58% at $10.38
Having set a significant high of $80.05 7 months ago, Direxion Daily Semiconductor Bear 3x Shares is trading 85.66% lower.
-5.4%: FNGD closed at $9.63 after losing 5.4% today
More of the same from today's session: MicroSectors FANG+™ Index -3X Inverse Leveraged ETN slid down from $10.18 to $9.63, taking a 55 cents loss (5.4%)
