Benzinga's Top ETF Decliners, June 29th (TVIX, FAZ, ZSL, SCO)
VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) dropped 9.84% on Wednesday, and it closed at $19.33. This was the third trading session in a row that TVIX closed lower.
Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) traded 7.19% lower on the news that Bank of America Corporation (NYSE: BAC) has reached an agreement to repurchase mortgage backed securities. Bank of America Corporation (BAC) gained 2.96% today, and Citigroup Inc. (NYSE: C) added 3.36%.
ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 5.95%, and it closed at $18.82 as silver traded higher. ZSL had a volume of 9.55M traded shares, and its average volume is 16.89M shares.
ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) lost 4.29% today as crude oil traded higher on the news that Greek parliament voted for austerity measures.
