Markets are down at the start of today's session, Direxion Daily S&P Biotech Bull 3X Shares, Direxion Daily Semiconductor Bull 3X Shares, ProShares UltraPro QQQ make this list of poorly performing ETFs
As the trading session gets underway, the leading indices were losing ground — Nasdaq drawing back 1.58% to 11,063. S&P 500 slipping 1.1% and closing at 3,955.
Meanwhile, United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3.
In line with markets falling yesterday, some ETFs are currently on the list of top losers. Take a look.
ProShares UltraPro QQQ | Currently down 5% at $21.12
ProShares UltraPro QQQ has been losing ground for 3 days, shedding a total of 10.85% of its value. Similar trend today: ProShares UltraPro QQQ drops from $22.23 to $21.12, losing $1.11 (5%) today.
Direxion Daily Semiconductor Bull 3x Shares | Currently down 5.12% at $11.95
While on a 4 day downtrend, dropping a total of 13.57%, More of the same today: Direxion Daily Semiconductor Bull 3x Shares is grinding lower from $12.59 to $11.95, shedding 64.5 cents (5.12%) today.
Biotech Bull and Bear 3X ETF | Currently down 5.85% at $6.84
Biotech Bull and Bear 3X ETF is now trading 82.9% below the significant high of $42.52 it set around 11 months ago.