10 Worst Performing ETFs of the Week

Following is information on the 10 worst-performing ETFs and ETNs for the week ending June 3rd, 2011.

  1. Direxion Dly SCOND 3 BL (NYSE:SOXL): This stock most recently traded at $49.31. Its percentage change for the week ended June 3rd, 2011 was -10.00%, and its year-to-date percentage change is -1.40%. About the company:  Direxion Daily Semiconductors Bull 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund’s objective is daily investment results, before fees and expenses, of 300% of the price performance of the Philadelphia Semiconductors Index.
  2. ProShs Ul Pro Rsl2000 (NYSE:URTY): This stock most recently traded at $84.14. Its percentage change for the week ended June 3rd, 2011 was -9.96%, and its year-to-date percentage change is 6.30%. About the company:  ProShares UltraPro Russell 2000 is an exchange-traded fund incorporated in the USA.  The Fund seeks investment results which correspond to three times the daily performance of the Russell 2000 Index.
  3. Direxion Daily Sm Bull 3x (NYSE:TNA): This stock most recently traded at $76.87. Its percentage change for the week ended June 3rd, 2011 was -9.88%, and its year-to-date percentage change is 6.10%. About the company:  Direxion Daily Small Cap Bull 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund’s objective is daily investment results, before fees and expenses, of 300$ of the price performance of the Russell 2000 Index.  The Fund invests at least 80% of its net assets in the equity securities that comprise the Small Cap Index.
  4. ProShrsUltraSilver (NYSE:AGQ): This stock most recently traded at $181.82. Its percentage change for the week ended June 3rd, 2011 was -9.54%, and its year-to-date percentage change is 14.60%. About the company:  ProShares Ultra Silver is an exchange-traded fund incorporated in the USA.  The Fund will seek daily investment results that correspond to twice the daily performance, whether positive or negative, of its corresponding benchmark.  The Fund tracks the daily performance of silver (NYSE:SLV) bullion as measured by the US dollar fixing price for delivery in London. Also see Silver iShares (NYSE:SLV) and Gold iShares (NYSE:GLD).
  5. ProShsUlProMidCap400 (NYSE:UMDD): This stock most recently traded at $91.06. Its percentage change for the week ended June 3rd, 2011 was -8.94%, and its year-to-date percentage change is 15.80%. About the company:  ProShares UltraPro MidCap 400 is an exchange-traded fund incorporated in the USA.  The Fund seeks investment results which correspond to three times the daily performance of the S&P 400 MidCap Index.
  6. Direxn Daily Finl Bull 3x (NYSE:FAS): This stock most recently traded at $25.11. Its percentage change for the week ended June 3rd, 2011 was -8.42%, and its year-to-date percentage change is -9.80%. About the company:  Direxion Daily Financial Bull 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund’s objective is daily investment results, before fees and expenses, of 300$ of the price performance of the Russell 1000 Financial Services Index.  The Fund invests at least 80% of its net assets in the equity securities that comprise the Financial Index. Companies to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF), Bank of America (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC).
  7. iPath PB Nickel (NINI): This stock most recently traded at $42.69. Its percentage change for the week ended June 3rd, 2011 was -8.39%, and its year-to-date percentage change is -14.70%. About the company:  The iPath Pure Beta Nickel ETN is an exchange-traded note issued in the USA.  The Notes will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the Barclays Capital Nickel Pure Beta TR Index.
  8. Direxion Daily Mid Bll 3x (NYSE:MWJ): This stock most recently traded at $54.08. Its percentage change for the week ended June 3rd, 2011 was -8.37%, and its year-to-date percentage change is 13.60%. About the company:  Direxion Daily Mid Cap Bull 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund seeks daily investment results of 300% of the price performance of the Russell Mid Cap Index.  The Fund creates long positions by investing 80% of its assets in the equity securities that comprise the Russell Mid Cap Index.
  9. iPath Shrt MSCI EAFE (MFSA): This stock most recently traded at $68.85. Its percentage change for the week ended June 3rd, 2011 was -7.95%, and its year-to-date percentage change is -18.70%. About the company: The iPath SE MSCI EAFE Index ETN is an exchange-traded note issued in the USA.  The ETNs provide investors with a cash payment at the scheduled maturity or optional redemption based on a leveraged participation in the MSCI EAFE Net TR Index.  The ETNs will automatically be redeemed if their value falls to or below $37.50 per share.
  10. iPath LE Russ 2000 TR (RTLA): This stock most recently traded at $66.47. Its percentage change for the week ended June 3rd, 2011 was -7.38%, and its year-to-date percentage change is 9.20%. About the company:  The iPath LX Russell 2000 ETN is an exchange-traded note issued in the USA.  The ETN’s provide investors with a cash payment at the schedule maturity or optional redemption based on a leveraged participation in the Russell 2000 TR Index.  The ETNs will automatically be redeemed if their value falls to or below $15 per note.

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