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Benzinga's Top ETF Decliners, January 11th (UNG, ERX, FAZ, UCO)

By Craig Jones

January 12, 2012 12:45 AM GMT

United States Natural Gas Fund, LP (NYSEARCA: UNG) dropped 5.06% on Wednesday, and it closed at $6.01 as natural gas futures traded sharply lower. The demand for natural gas decreased because of the mild winter, and it was also hurt by the news of higher supplies.

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Direxion Daily Energy Bull 3X Shares(ETF) (NYSEARCA: ERX) fell 3.82% today as Baker Hughes Incorporated (NYSE: BHI) slipped 3.35%, and Halliburton Company (NYSE: HAL) dropped 2.61%.

Direxion Daily Financial Bear 3X Shares(ETF) (NYSEARCA: FAZ) plunged 2.34% as the financial stocks continued its recovery. In the space, Bank of America Corp (NYSE: BAC) gained 3.62%, and Citigroup Inc. (NYSE: C) jumped 4.23%.

ProShares Ultra DJ-UBS Crude Oil (NYSEARCA: UCO) traded lower today, along with the crude oil futures. UCO fell 2.13%, and it closed at $42.70.

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