The Worst Performing Exchange-Traded Funds of Last Week

Following is information on last week’s worst-performing exchange-traded funds and notes:

  1. ProShares UltraShort Silver (NYSE:ZSL): This stock closed at $16.62 on May 27th, 2011. Its return over the past week was -15.6% and its return for the year to date is -57.7%. About the company:  ProShares UltraShort Silver is an exchange-traded fund incorporated in the USA.  The Fund will seek daily investment results that correspond to twice the inverse of the daily performance of its corresponding benchmark.  The Fund tracks the daily performance of silver bullion as measured by the US Dollar fixing price for delivery in London. For best-of-breed trading ideas for Gold & Silver, consider a free 14-day trial to our premium investment newsletter service>>
  2. iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZ): This stock closed at $12.25 on May 27th, 2011. Its return over the past week was -9.8% and its return for the year to date is -50.6%. About the company: The iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN is linked to a leveraged return on the performance of the S&P 500 VIX Mid-Term Futures Index TR.
  3. E-TRACS UBS Bloomberg ETN (NYSE:PTD): This stock closed at $28.59 on May 27th, 2011. Its return over the past week was -9.2% and its return for the year to date is -1.5%. About the company:  E-TRACS UBS Bloomberg 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 inverse performance of the underlying index, the UBS CMCI Platinum ER, plus a fixed-income return based on a hypothetical 91-day Treasury Bill portfolio.
  4. Direxion Daily Russia Bear 3X Shares (RUSS): This stock closed at $34.62 on May 27th, 2011. Its return over the past week was -8.2% and its return for the year to date is -8.2%. About the company:  Direxion Daily Russia Bear 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund’s objective is daily investment results of 300% of the inverse of the price performance of the DAX Global Russia+ Index.
  5. VelocityShares Daily 2X VIX Short Term ETN (TVIX): This stock closed at $19.72 on May 27th, 2011. Its return over the past week was -7.5% and its return for the year to date is -69.5%. About the company:  VelocityShares Daily 2X VIX Short Term ETN is an exchange-traded note issued in the USA.  The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on 2X the performance of the underlying index, the S&P 500 VIX Short-Term Futures Index less the Investor Fee.
  6. Direxion Daily Gold Miners Bear 2X Shares (DUST): This stock closed at $41.06 on May 27th, 2011. Its return over the past week was -7.5% and its return for the year to date is 1.7%. About the company:  Direxion Daily Gold Miners Bear 2X Shares is an exchange-traded fund incorporated in teh USA.  The Fund’s objective is daily investment results of 200% the inverse of the NYSE Arca Gold Miners Index.
  7. Direxion Daily Latin America 3X Bear (NYSE:LHB): This stock closed at $16.30 on May 27th, 2011. Its return over the past week was -7.5% and its return for the year to date is -1.9%. About the company:  Direxion Daily Latin America 3X Bear 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 inverse of the price performance of the S&P Latin America 40 Index.
  8. ProShares UltraShort MSCI Brazil (NYSE:BZQ): This stock closed at $15.30 on May 27th, 2011. Its return over the past week was -7.1% and its return for the year to date is 1.6%. About the company:  ProShares UltraShort MSCI Brazil is an exchange-traded fund incorporated in the USA.  The Fund seeks daily investment results, before fees and expenses, that correspond to twice the inverse of the daily performance of the MSCI Brazil Index.
  9. PowerShares DB Base Metals Double Short ETN (NYSE:BOM): This stock closed at $10.80 on May 27th, 2011. Its return over the past week was -6.9% and its return for the year to date is 2.5%. About the company:  PowerShares DB Base Metals Double Short ETN is an exchange-traded note issued in the USA by Deutsche Bank AG.  The Notes will provide investors with a cash payment at the scheduled maturity or early redemption, based on double the inverse performance of its underlying index plus the monthly T-Bill index return.
  10. Direxion Daily Energy Bear 3X Shares (NYSE:ERY): This stock closed at $14.59 on May 27th, 2011. Its return over the past week was -6.4% and its return for the year to date is -35.3%. About the company:  Direxion Daily Energy Bear 3X Shares is an exchange-traded fund incorporated in the USA.  The Fund’s objective is daily investment results, before fees and expenses, of 300$ of the inverse of the price performance of the Russell 1000 Energy Index.  The Fund invests at least 80% of its net assets in Financial Instruments that, in combination, provide exposure to the Energy Index.

(Note: All data are sourced from here, and are assumed to be accurate.)

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