Benzinga's Top ETF Decliners, January 23rd (KOLD, TVIX, DTO, EDZ)

ProShares UltraShort DJ-UBS Natural Gas KOLD plunged 17.86% on Monday as natural gas traded higher on the news that Chesapeake Energy Corporation CHK is going to cut the production of natural gas. VelocityShares Daily 2x VIX Short Term ETN TVIX lost 5.45%, and it closed at $19.10. This was the fifth consecutive trading session that TVIX closed higher. Powershares DB Crude Oil Double Short ETN DTO fell 3.04% after EU announced that it will stop buying oil from Iran in the second half of the year. Iran responded with a threat that it will stop shipments from Persian Gulf. Direxion Daily Emerging Markets Bear 3x Shares(ETF) EDZ dropped 2.49%, and it closed at $14.50. Petroleo Brasileiro SA (ADR) PBR is a component of the MSCI Emerging Markets Index, and it spiked 4.29%.