During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLF was up 1.4% over the last thirty trading days. The S&P 500, in comparison, went up 0.2%.
Increasing 9% (+$1.33) to close at $16.06, Direxion Daily China Bear 3x Shares ETF (YANG) was a major gainer in the sector. Today, 57,247 shares traded hands. The stock traded in a range of $15 to $16.45.
Mesa Royalty (MTR) rose 4.6% to close at $30.22, crossing its 50-day moving average of $29.36. Meanwhile, ProShares Ultra Oil \x26 Gas (ETF (DIG) dropped 8.4% to close at $36.54, moving below its 200-day moving average or $44.11.
T Rowe Price (ICE) fell 3.9% to close at $59.48, moving closer to its 50-day moving average of $59.15. Also, the stock moved closer to its 200-day moving average of $128.06. Pzena Investment Management (PZN) rose 4.7% to close at $4.42, moving closer to its 50-day moving average of $4.61.
Virtus Investment Partners (VRTS) was a major loser in the sector. Its price dropped 4.8% (-$3.55) to close at $70.98, as 14,741 shares moved. The stock traded between $70.61 and $74.63. The stock has fallen over the last three months, dropping $10.42 (-12.8%) from $81.40 on March 26, 2012.
Tree.com (TREE) hit a new 52-week high today, reaching $10.27 to top the previous high of $9.99.