The chill in September that was felt among the markets also filtered into exchange traded funds (ETFs).

Citigroup Global Markets conducted the research and found that the average ETF was down 9.3%, while the S&P 500 was down 8.9% for the month.

Eric Rosenbaum for Index Universe reports that the number one best-performing ETF was the ProShares UltraShort Basic Materials (SMN) up 52% for the month.

Short Basic Materials Exchange Traded Funds (ETFs)

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