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 Emerging Markets Bear 3x Shares(
ETF) (NYSE:
EDZ) also struggled today, as the MSCI Emerging Markets Index traded in the positive territory.
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%.
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