a precipitous decline in shares of docusign was rewriting the record books for the electronicsignature company pushing it toward its worst daily drop on record but the drop for the company also was denting the performance of a handful of exchangetraded funds where docusign has its largest exposure the ecofin digital payments infrastructure fund tpay  where docusign was a top 10 holding was down 41 the american century focused dynamic growth etf fdg  where the company is a top 5 holding was off 47 meanwhile the ishares cybersecurity  tech etf ihak  trading 47 lower and the proshares nasdaq100 dorsey wright momentum etf qqqa  off 4 all had exposure to docusign docusign’s tumble comes after its latest earnings report in which it delivered a disappointing billings outlook as chief executive dan springer called out a “return to more normalized buying patterns” following a stretch of “accelerated growth” the company had been viewed as a hot pandemic stock play but now was being viewed as a sign of a company that might have grown too quickly as investors crowded into trades that worked friday’s downturn was also a part of a broader selloff in the tech and techrelated sector with the techladen nasdaq composite index comp down more than 6 from its nov 19 peak and the sp 500 index spx and the dow jones industrial average djia facing a volatile period of trade marked by fears about the spread of novel variant of the coronavirus that causes covid19 designated as omicron the world health organization last friday and comments from the federal reserve that point to tighter financial conditions problematic for tech stocks that tend to be sensitive to moves in borrowing costs