Benzinga's Daily ETF Watch (ZSL, FAZ, RFN, ERY, AGA)
ProShares UltraShort Silver (ETF)(NYSE: ZSL) found its place among today's gainers with 6.64% increase in price. This ETF was struggling in past few months as it corresponds to twice opposite of the performance of the silver bullion.
When we hear that Russel 1000 Financials Index is down that means that investors who bought Direxion Daily Financial Bear 3X (ETF) (NYSE: FAZ) have played it well. FAZ is doing great today, and is trading around $20.50 with an increase of approximately 6%.
Rydex Inverse 2x S&P Select Sector Financial ETF (NYSE: RFN) is trading up 4,67% as financial sector is struggling on the news of Bank of America's (NYSE: BAC) disagreement that occurred in attempt to repay federal bailout money.
Direxion Daily Energy Bear 3X (ETF)(NYSE: ERY) exploited oil's downturn although oil's price went in the other way in the opening moments.
PowerShares DB Agriculture Double Short ETN (NYSE: AGA) is having a great day. It jumped 8.56% as agriculture commodities declined. Corn DEC09 futures fell 19'6 cents and Wheat DEC09 contracts dropped 20'4 cents.
