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May 18, 2023
Markets closed higher yet Direxion Daily Semiconductor Bear 3X Shares, Direxion Daily Small Cap Bear 3X Shares, ProShares UltraPro Short Russell2000 top this unflattering list of yesterday's losers
Following yesterday's session, leading equity indices in the US rose as Dow Jones closed the day at 33,421, having gained 1.24%. S&P 500 gained 1.19% and closed at 4,158.77.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat analyst expectations of -920,000 and the previous reading of 2.95 million with new data of 5 million.
Despite yesterday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-6.74%: TZA lost 6.74% yesterday, ending at $32.22
A tough session dominated by bearish sentiment left TZA $2.33 lower, while setting a $32.05 to $34.65 session range.
-7.25%: SOXS closed at $17.66 after losing 7.25% yesterday
Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left SOXS $1.38 lower, while setting a $17.42 to $18.94 session range.
ProShares UltraPro Short Russell2000 | Currently down 6.73% at $49.74
The fund has been trending positively for about 30 days.
