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June 08, 2023
Markets closed sideways but Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares, Direxion Daily Small Cap Bear 3X Shares, ProShares UltraPro Short Russell2000 drop and make it on this unflattering list of yesterday's losing etfs.
A quick update: markets completed a mixed session yesterday while after dropping 1.29%, Nasdaq closed at 13,100. S&P 500 slipped 0.38% and closed at 4,267.52.
Current market events are being influenced by ambiguous macro data as Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million.
While markets traded sideways yesterday, some etfs suffered significant losses. Here is the list of Top Losers from yesterday:
-5.55%: TZA closed at $26.39 after losing 5.55% yesterday
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left TZA $1.55 lower, while setting a $26.16 to $27.44 session range.
ProShares UltraPro Short Russell2000 | Currently down 5.46% at $40.69
ProShares UltraPro Short Russell2000 has lost 13% over the last 3 days. Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left SRTY $2.35 lower, while setting a $40.32 to $42.26 session range.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | Currently down 7.4% at $13.77
Approximately 11 months ago, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares reached a significant high of $27.6 but has struggled to hold onto its gains and declined 46.12% since then.
