Benzinga's Top ETF Decliners, October 17th (XIV, EDC, TNA, FAS)

VelocityShares Daily Inverse VIX Short Term ETN (NYSE: XIV) fell 10.68% on Monday, and it closed at $6.27. XIV broke its five day winning streak today.

Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) lost 9.82%, and closed at $16.55. Petroleo Brasileiro SA (ADR) (NYSE: PBR), a component of the MSCI Emerging Markets Index, fell 4.67% on Monday.

Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded lower today along with the Russell 2000 Index. TNA closed at $39.13, and it had a volume of 26.95M traded shares.

Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) dropped 8.85% today, and it closed at $11.33 as Wells Fargo & Company (NYSE: WFC) plunged 8.44%.