Markets closed lower, with ProShares Ultra Bloomberg Natural Gas, Direxion Daily S&P Biotech Bull 3X Shares, United States Natural Gas Fund, LP making yesterday's list of top losers.
Before today's session begins, here is a reminder of recent events: leading equity indices in the US declined as Nasdaq shed 1.68% and closed at 11,900. S&P 500 slipped 1.11% and closed at 4,118.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — United States Crude Oil Inventories fell short of the 2.46 million projections, with new data of 2.42 million.
In line with markets falling yesterday, some etfs made the list of top losers. Take a look.
United States Natural Gas Fund LP | -7.22% at $8.23
Approximately 5 months ago, United States Natural Gas Fund LP reached a significant high of $33.79 but has struggled to hold onto its gains and declined 73.75% since then.
-13.7%: BOIL lost 13.7% yesterday, ending at $5.86
A tough session dominated by bearish sentiment left BOIL 93 cents lower, while setting a $5.65 to $6.61 session range.
Biotech Bull and Bear 3X ETF | Closed yesterday's session at $7.79
Over the last 4 days, Biotech Bull and Bear 3X ETF has fallen 15.33%. Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left LABU 89 cents lower, while setting a $7.76 to $8.65 session range.