Benzinga's Top ETF Decliners (TZA, TWM, MWN, SMN)
ProShares UltraShort Russell2000 (ETF) (NYSE: TWM) is a bear ETF that tries to replicate the 200% of the inverse of the performance of the Russell 2000 Index. TWM fell 4.93%, as small cap stocks continued their recovery.
ProShares UltraShort Basic Materials (ETF) (NYSE: SMN) dropped 3.72%, and closed at $34.98. Basic materials stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Alcoa Inc. (NYSE: AA) performed well today. Freeport-McMoRan (FCX) gained 3.34%, as copper extended its winning streak. Alcoa (AA) jumped 2.13%, and closed at $11.05.
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