Benzinga's Top ETF Decliners (SOXS, DPK, SSG, EDZ)
Semiconductor stocks had a great trading session today, which is a bad news for the owners of Direxion Daily Semiconductor Bear 3X (NYSE: SOXS) and ProShares UltraShort Semiconductors(ETF) (NYSE: SSG). SOXS and SSG traded sharply down today. SOXS declined 16.46% and SSG dropped 8.79%.
Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) seeks daily investment results of 300% of the inverse of the price performance of the MSCI EAFE Index. Japan, France and United Kingdom have the biggest weights in this index. DPK fell 9.49% as Banco Santander, S.A. (ADR) (NYSE: STD) and Toyota Motor Corporation (ADR) (NYSE: TM) traded higher. STD spiked 7.08% and TM added 2.84%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.