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June 23, 2023
Markets closed higher yet MicroSectors FANG+ Index -3X Inverse Leveraged ETN, ProShares Ultra VIX Short-Term Futures ETF, United States Oil Fund, LP top this unflattering list of yesterday's losers
Ahead of today's trading session: leading equity indices in the US rose as Nasdaq gained 0.95% and closed at 13,631. S&P 500 ended the session at 4,382 after a 0.37% gain.
Today's rally takes place amid mixed market indicators — Crude Oil Inventories in United States fell short of market expectations (329,000) with a reading of -3.83 million, continuing the decline from the previous figure of 7.92 million.
Despite yesterday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-4.12%: UVXY falls back to $1.98 after shedding 4.12% yesterday
Yesterday's session continued the recent downtrend: after a mostly steady day, ProShares Ultra VIX Short-Term Futures ETF lost 4.12% deep into the session, ending up at $1.98.
-4.19%: FNGD closed at $9.15 after losing 4.19% yesterday
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN slid down from $9.55 to $9.15, taking a 40 cents loss (4.19%)
-3.87%: USO lost 3.87% yesterday, ending at $62.52
A tough session dominated by bearish sentiment left USO $2.52 lower, while setting a $62.14 to $63.65 session range.
