Benzinga's Top ETF Decliners (FAZ, JJC, SKF, DBB)
Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) closed 6.26% down after a strong rally of financial stocks in the last hour of the trading session. Wells Fargo & Company (NYSE: WFC) had the biggest gains with a leap of 4.48%.
IPATH UBS COPPER ETN (NYSE: JJC) fell 4.24% on the weakness of Copper futures contracts. Copper is 4.46% down today.
ProShares UltraShort Financials (ETF) (NYSE: SKF) is another financials bear ETF that closed in the negative territory. SKF dropped 4.10% as Bank of America Corporation (NYSE: BAC) added 2.84%.
Aluminum, Zinc and Copper recorded big losses today and as a result Powershares DB Base Metals Fund (ETF) (NYSE: DBB) lost 3.80%. This is a sixth trading session in a row that DBB ends in the negative territory.
