The VIX index is heading lower as well. It is also trading at levels not seen since August.

iShares Dow Jones U.S. Broker-Dealers Index Fund ( IAI) -1.5%

A number of financial-related ETFs are taking hits during the middle of the week. The broker-dealer-focused IAI is leading the retreat, however. Although losses can be seen from many of the fund's top holdings, companies such as Jeffries Group ( JEF), CME Group ( CME) and Charles Schwab ( SCHW) appear to be the biggest losers.

All prices as of 2:15 PM EST
At the time of publication, Dion Money Management was long UUP.

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