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March 09, 2023
Markets closed sideways but Direxion Daily Semiconductor Bear 3X Shares, ProShares UltraShort MSCI Brazil Capped, ProShares Ultra Bloomberg Natural Gas drop and make it on this unflattering list of yesterday's losing etfs.
After yesterday's closing bell, markets completed a mixed session yesterday while Nasdaq closed the day at 11,576, having gained 0.4%. After dropping 0.18%, Dow Jones closed at 32,800.
This limbo state is reflected by market data published as United States Crude Oil Inventories published yesterday at 15:30 UTC came out at -1.69 million, falling short of the 395,000 projections and continuing its decline from the previous 1.17 million figure.
While markets traded sideways yesterday, some etfs suffered significant losses. Here is the list of Top Losers from yesterday:
Direxion Daily Semiconductor Bear 3x Shares | -7.92% at $20.12
A tough session dominated by bearish sentiment left SOXS $1.73 lower, while setting a $20.04 to $21.59 session range.
ProShares UltraShort MSCI Brazil Capped | Closed $1.28 (-6.25%) lower at $19.21
ProShares UltraShort MSCI Brazil Capped's downtrend has seen it decline 8.13% in 5 days Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left BZQ $1.28 lower, while setting a $18.97 to $19.49 session range.
ProShares Ultra Bloomberg Natural Gas closed at $5.94, continuing its bearish run
Yesterday's session continued the recent downtrend: ProShares Ultra Bloomberg Natural Gas dipped as low as $5.63 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session ($6.11) with ProShares Ultra Bloomberg Natural Gas closing the day at $5.94.
