Benzinga's Top ETF Decliners (TZA, TWM, MWN, SMN)

Direxion Small Cap Bear 3X Shares (ETF) TZA fell 7.34%, as the Russell 2000 Index gained 2.39% today. TZA closed at $32.08, and had a volume of 23.67M. ProShares UltraShort Russell2000 (ETF) TWM is a bear ETF that tries to replicate the 200% of the inverse of the performance of the Russell 2000 Index. TWM fell 4.93%, as small cap stocks continued their recovery. Direxion Daily Mid Cap Bear 3X Shares(ETF) MWN fell 3.85%, on the strength of the Russell Mid-cap Index. ProShares UltraShort Basic Materials (ETF) SMN dropped 3.72%, and closed at $34.98. Basic materials stocks like Freeport-McMoRan Copper & Gold Inc. FCX and Alcoa Inc. AA performed well today. Freeport-McMoRan (FCX) gained 3.34%, as copper extended its winning streak. Alcoa (AA) jumped 2.13%, and closed at $11.05.