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May 12, 2023
Markets closed sideways but ETFMG Alternative Harvest ETF, VanEck Vectors Junior Gold Miners ETF, iShares Silver Trust drop and make it on this unflattering list of yesterday's losing etfs.
Following yesterday's session, markets completed a mixed session yesterday, as Dow Jones closed at 33,300, a 0.66% change. S&P 500 shed 0.17% and closed at 4,130.62.
Current market events are being influenced by ambiguous macro data as United States Producer Price Index improved upon its previous reading of -0.4% with a new data release of 0.2%.
While markets traded sideways yesterday, some etfs suffered significant losses. Here is the list of Top Losers from yesterday:
-4.76%: SLV lost 4.76% yesterday, ending at $22.2
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left SLV $1.11 lower, while setting a $22.17 to $22.72 session range.
VanEck Junior Gold Miners ETF | Closed $2.07 (-5%) lower at $39.53
29 days ago VanEck Junior Gold Miners ETF reached a significant high of $43.62 but has consequently lost 4.63% since then.
-6.55%: MJ closed at $3.28 after losing 6.55% yesterday
More of the same from yesterday's session: a tough session dominated by bearish sentiment left MJ 23 cents lower, while setting a $3.25 to $3.51 session range.
