Benzinga's Top ETF Decliners (UYM, AGQ, EDC, XME)

ProShares Ultra Basic Materials (ETF) (NYSE: UYM) is trading lower today, along with the basic materials sector. Alcoa Inc. (NYSE: AA) and United States Steel Corporation (NYSE: X) are facing big pressure. Alcoa (AA) lost 2.5% and US Steel (X) dropped 3.45% so far. Silver prices are heading lower today, and so is ProShares Ultra Silver (ETF) (NYSE: AGQ). AGQ trades 4.6% down. Emerging markets are struggling today, causing Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) to trade lower. EDC trades 3.24% down, and it has a volume of 1.74M. SPDR S&P Metals and Mining (ETF) (NYSE: XME) trades in the negative territory. It fell 3.45% on the weakness in the mining sector. Newmont Mining Corporation (NYSE: NEM) and Titanium Metals Corporation (NYSE: TIE) are both trading 3% down.