NEW YORK ( TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to find out which ETFs are gaining and declining.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 7.3%
The markets are starting out the new week on a sour note as macroeconomic issues like the European debt crisis take center stage.
Investors looking to profit from the ongoing uncertainty are piling into the VIX-tracking VXX and other volatility exchange-traded products.While attractive given the cloudy investing environment, I urge conservative, long-term investors to keep these products at arms length. United States Natural Gas Fund (UNG) 1.7% Natural gas prices are seeing strength, leading UNG to witness its second consecutive day of gains. A new report from ICF International is likely playing a role in boosting this fuel at the start of the week. According to the group, the outlook for natural gas appears promising. iPath Dow Jones UBS Livestock Subindex Total Return ETN (COW) 1.7% Agriculture-related exchange traded products are seeing bipolar action. While COW is treading higher, the iPath Dow Jones UBS Cotton Subindex Total Return ETN (BAL) (BAL) is declining. Hog futures are playing a major role in pushing COW to gains. Acoording to a Reuters report, this corner of the livestock market surged following reports that China had purchased a large amount of pork. Hog futures account for close to 40% of COW's index.