Benzinga's Top ETF Decliners, August 29th (TZA, TVIX, FAZ, SOXS)

Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) led the decliners among the ETFs on Monday, with a loss of 14.37%. TZA closed at $40.75, and it had a volume of 23.15M traded shares.

VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) dropped 12.69%, and closed at $48.49. This was the second consecutive trading session that TVIX closed lower.

Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) fell 11.66%, as Bank of America Corp (NYSE: BAC) jumped 8.12%, and Morgan Stanley (NYSE: MS) added 4.27%.

Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) lost 11.05%, and in the semiconductor space, Advanced Micro Devices, Inc. (NYSE: AMD) traded 5.24% higher.