Benzinga's Top ETF Decliners (EDZ, SMN, ERY, BZQ)

Direxion Daily Emerging Markets Bear 3x Shares(ETF) EDZ fell 7.20% on Tuesday, as the MSCI Emerging Markets Index traded higher. Vale (ADR) VALE gained 6.74%, and closed at $26.44. ProShares UltraShort Basic Materials (ETF) SMN dropped 6.33%, as basic materials names traded in the positive territory on Tuesday. Freeport-McMoRan Copper & Gold Inc. FCX showed some strength today, it gained 5.69% and closed at $64.32. Direxion Daily Energy Bear 3X Shares (ETF) ERY fell 6.26%, as Halliburton Company HAL and Schlumberger Limited SLB gained 3.77% and 3.20% respectively. ProShares UltraShort MSCI Brazil BZQ dropped 6.11% today. Petroleo Brasileiro SA (ADR) PBR is one of the components of the MSCI Brazil Index. PBR gained 4.13% and closed at $36.03.