Top ETFS (ZSL) (RTSA) (ROSA) (JPX) (BOM) Wednesday

Among the top five performing ETFs on Wednesday, all of them were those that short specific sectors or segments, including ProShares UltraShort Silver (NYSE:ZSL), iPath Short Extended Russell 2000 TR ETN (NYSE:RTSA), iPath Short Extended Russell 1000 TR ETN (NYSE:RTSA), ProShares UltraShort MSCI Pacific ex-Jpn (NYSE:JPX) and PowerShares DB Base Metals Dble Shrt ETN (NYSE:BOM).

Although it's sure to be short-lived, ProShares UltraShort Silver (ZSL) has been soaring over the last several trading sessions as silver prices have taken a hit. It closed Wednesday at $19.45, gaining $1.94, or 11.07 percent.

iPath Short Extended Russell 2000 TR ETN (RTSA) closed the day at $27.10, jumping $2.27, or 9.14 percent.

iPath Short Extended Russell 1000 TR ETN (ROSA) closed at $27.67, rising $2.19, or 8.59 percent.

ProShares UltraShort MSCI Pacific ex-Jpn (JPX) closed the trading session at $48.36, up $3.53, or 7.87 percent.

The fund invests in derivatives that Proshare Advisors think will have similar daily return characteristics as twice (200%) the inverse of the daily return of the MSCI Pacific ex-Japan Index.

PowerShares DB Base Metals Dble Shrt ETN (BOM) closed Wednesday at $10.92, climbing $0.67, or 6.54 percent.

The fund allows investors to take a short position on the performance of the industrial metals sector.