YES it does,
you may have wired the gnd to the sender post. try swapping them. senders work the same way most every electrical system does, hot & common. in the case of a gas gauge the hot comes from the gauge, hot in ~ hot out, but it needs a ground. so the hot travels down the wire from the gauge to the sender post. this voltage transfers across the field resistance of the sender. when the float is high the gauge reads full..... what makes the ground? the sender's arm resistance goes to the gas tank ground. make sure the tank has a good ground. make sure [if you have it wired this way the ground wire from the tank has a good ground.
different manufacturers made their own resistance senders to MATCH the gauge, other wise the gauge won't read correctly.
