With the session well underway, markets are broadly higher while Direxion Daily Small Cap Bear 3X Shares, ProShares UltraPro Short Russell2000, MicroSectors FANG+ Index -3X Inverse Leveraged ETN are slipping. Here are the top losers:
Here is where today's session currently stands: markets are up as Nasdaq goes up 1.56%, trading at 11,123. S&P 500 up 1.06%, trading at 3,837.7.
Today's rally takes place amid mixed market indicators — United States Consumer Confidence published today at 14:00 UTC came out at 102.5, falling short of the 106.5 projections and continuing its decline from the previous 107.8 figure.
Despite the markets climbing yesterday, some ETFs are currently down. Take a look at the Top Losers.
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | Currently down 5.82% at $62.26
MicroSectors FANG+ Index -3X Inverse Leveraged ETN is range-bound between $61.1 and $64.28 today after shedding $3.85 and closing at $66.11 yesterday.
ProShares UltraPro Short Russell2000 | Currently down 7.17% at $54.91
While on a 3 day slump, falling a total of 14.32%, Similar trend today: ProShares UltraPro Short Russell2000 drops $4.24 early on and steadies around the $54.91 level.
Direxion Daily Small Cap Bear 3X Shares | Currently down 7.23% at $35.56
Approximately 4 months ago, Direxion Daily Small Cap Bear 3X Shares reached a significant high of $52.26 but has struggled to hold onto its gains and declined 26.66% since then.