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May 05, 2023
Despite the risk-on mood, ProShares Ultra VIX Short-Term Futures ETF, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares, ProShares UltraShort Bloomberg Crude Oil are going against the grain and declining. Here are the biggest losers so far this session:
As the trading session gets underway, the leading indices are climbing up — Dow Jones goes up 1.38%, trading at 33,583. S&P 500 up to 4,120.27, gaining 1.45%.
Uptick coincides with some positive signs published earlier as United States Average Hourly Earnings came out at 0.5%, better than analyst estimates of 0.3% and improving upon the previous reading of 0.3%.
Despite the markets climbing yesterday, some etfs are currently down. Take a look at the Top Losers:
ProShares Ultra VIX Short-Term Futures ETF | Currently down 8.91% at $3.76
After closing yesterday at $4.13, ProShares Ultra VIX Short-Term Futures ETF made its largest single-day drop of 36.8 cents (8.91%) seen recently — now trading at $3.76. Having set a significant low of $3.46 4 days ago, ProShares Ultra VIX Short-Term Futures ETF is trading 19.36% higher.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | Currently down 7.71% at $15.91
5 months ago, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares fell to a low of $10.75 but has since recovered 60.37%.
ProShares UltraShort Bloomberg Crude Oil | -7.23% to start today's session
ProShares UltraShort Bloomberg Crude Oil hit a significant low of $4.48 around 11 months ago, but has since recovered 554.24%.
