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.
United States Natural Gas Fund (UNG) 2.6%
Natural gas prices are staging a recovery after Monday's downturn, aided by a promising weather forecast.
Interestingly, the effect of this upward action is mixed across futures-based products. While UNG is among the industry's strongest gainers, the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) is seeing only limited upward action. GAZ's substantial premium is likely contributing to this divergence.Market Vectors Russia ETF (RSX) 2.3% RSX and other Russia-related ETFs are recovering from Monday's tumble. Outside of Russia, other emerging Europe ETFs are moving higher as well. iShares MSCI Turkey Investable Market Index Fund (TUR) and SPDR S&P Emerging Europe ETF (GUR) are among the industry's biggest movers. The Market Vectors Egypt ETF (EGPT), iShares MSCI Indonesia Investable Market Index Fund (EIDO), and iShares MSCI Sweden Index Fund (EWD) are other international funds in positive territory. Market Vectors Steel ETF (SLX) 2.1% Shares of steel companies are rising on the heels of Steel Dynamics' (STLD) promising earnings report. Although the company accounts for less than 3% of SLX's portfolio, the company's strength is being felt across the sector. This morning's optimistic housing numbers are also likely aiding SLX climb higher.