Dion's Wednesday ETF Winners and Losers

NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

Oil Services HOLDRs (OIH) 1.3%

Concerns surrounding BP and the rest of the oil industry subsided a bit today after the firm announced that it putting together a $20 billion fund to pay claims to victims of the oil spill.

BP's CEO, Tony Hayward and Chairman Carl-Henric Svanberg were in Washington Wednesday meeting with President Barack Obama just one day after the president delivered a speech to the American people highlighting the government's plans going forward to battle the oil spill threatening the Gulf of Mexico and U.S. coastline.

Market Vectors Gold Miners ETF (GDX) 1.2%

One area that has stayed in positive territory today has been gold miners. As investors seek out ways to protect themselves, many are turning to gold. That interest in the yellow metal is helping to provide a lift to firms involved in its production.

Losers

United States Natural Gas Fund (UNG) -3.7%

Natural gas prices are falling today, leading UNG to score some of the biggest losses among all exchange-traded funds. Today's dip ends a four day-long rally which propelled the fund close to its 200-day moving average. The last time this fund traded above this level was in August 2008.

iPath S&P 500 VIX Short-Term Futures ETN (VXX) -2.0%

Despite a less than optimistic report on home construction and building permit applications and a dip in the euro, the short-term VIX focused ETF is failing to gather any steam. Interestingly, while VXX tumbles, iPath S&P 500 VIX Mid-Term Futures (VXZ) has managed to stay unchanged today.

iShares MSCI Austria Investable Market Index Fund (EWO) -1.3%

European ETFs felt some relief over the first few days of this week as the euro managed to bounce. However, the troubled region is once again feeling pressure and the currency is heading lower once more. EWO, iShares MSCI Italy Index Fund (EWI), and iShares MSCI Spain Index Fund (EWP) are among the European nation-focused ETFs taking the biggest hits.

1 2 Next › Last »