Markets closed sideways but ProShares UltraShort 20+ Year Treasury, ProShares UltraShort Gold, ProShares Ultra Bloomberg Natural Gas drop and make it on this unflattering list of yesterday's losing ETFs.
After yesterday's closing bell, markets did not have a clear cut direction — Dow Jones was down 0.56% before closing the session at 34,400. Nasdaq closed 11,482 after a stable day.
Current market events are being influenced by ambiguous macro data as United States ISM Manufacturing PMI (Nov) came out at 49, while a consensus of analysts was expecting 49.8.
While markets traded sideways yesterday, some ETFs suffered serious losses. Here is the list of top losers from yesterday:
ProShares UltraShort 20+ Year Treasury | Closed yesterday's session at $29.19
A tough session dominated by bearish sentiment left TBT $1.97 lower, while setting a $29.14 to $30.76 session range.
ProShares Ultra Bloomberg Natural Gas | Closed yesterday's session at $42.65
ProShares Ultra Bloomberg Natural Gas's bearish run has lasted 5 days so far (-$10.45). Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left BOIL $1.5 lower, while setting a $40.94 to $46.79 session range.
ProShares UltraShort Gold | Closed yesterday's session at $31.53
ProShares UltraShort Gold's downtrend has seen it decline 7.12% in 3 days More of the same from yesterday's session: a tough session dominated by bearish sentiment left GLL $1.27 lower, while setting a $31.5 to $31.85 session range.