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May 19, 2023
Despite the risk-on mood, Direxion Daily FTSE China Bull 3X Shares, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares, ProShares Ultra VIX Short-Term Futures ETF are going against the grain and declining. Here are the biggest losers so far this session:
As the trading session gets underway, markets are up as S&P 500 up 0.3%, trading at 4,210.45. Dow Jones up to 33,600, gaining 0.23%.
Meanwhile, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million.
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 1.92% at $3.06
ProShares Ultra VIX Short-Term Futures ETF has fallen back around 82.47% from the significant high of $17.8 set 11 months ago.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | Currently down 2.47% at $15
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares reached a significant high of $27.6 around 10 months ago but has lost 44.28% since then.
Direxion Daily FTSE China Bull 3X Shares | -2.59% to start today's session
While on a 4 day downtrend, dropping a total of 12%, More of the same today: Direxion Daily FTSE China Bull 3X Shares is down to $38, after ending yesterday at $39. Overall, a 2.59% loss or $1 today.
