Dion's Thursday 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 find out which ETFs are gaining or losing.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 2.3%
VXX has witnessed five consecutive days of gains as the investing environment has remained unsettlingly shaky. This rise has helped the ETN recover back to its 50-day moving average for the third time in a month.
Looking to the near term, it will be interesting to see if this level proves once again to be a point of resistance.ProShares UltraShort 20+ Year Treasury Bond ETF (TBT) 2.3% After a four days of gains, the long-term, Treasury-tracking iShares Barclays 20+ Year Treasury Bond Fund (TLT) is turning lower. This action bodes well for TBT which is designed to reflect double the inverse performance of this corner of the fixed income spectrum. iShares Silver Trust (SLV) 1.7% Silver prices are witnessing a bounce as investors seek out the protection of precious metals. For the first time since its early-May downturn, shares of this physically-backed precious metal ETF have managed to rise above its 50-day moving average. Gold ETFs are seeing more tepid gains, with iShares Gold Trust (IAU), up less than 0.5% in early afternoon trading.
LosersiPath Dow Jones UBS Cotton Subindex Total Return ETF (BAL) -5.3% The agriculture industry is facing selling pressure as we head towards the close of the week. Leading the retreat are a slew of single-crop focused products including BAL, iPath Dow Jones UBS Sugar Subindex Total Return ETN (SGG) and Teucrium Corn ETF (CORN)." Comparatively, the equity-backed Market Vectors Agribusiness ETF (MOO) is seeing only limited action to the downside. In early afternoon trading the fund was off less than 1%. United States Oil Fund (USO) -2.1% Futures-tracking oil ETFs like iPath GSCI Crude Oil Total Return ETN (OIL) and USO are taking shots across the bow as downward market action again weighs on investor confidence. The United States Natural Gas Fund (UNG) started off the day on a sour note in reaction to the Energy Information Administration's weekly storage report. As we approach the close, however, the fund appears to have rebounded and is currently trading in unchanged territory. SPDR Regional Banking ETF (KRE) -1.2% JPMorgan (JPM) started off the day on a positive note, announcing quarterly earnings numbers that exceeded analyst expectations. Although the banking giant report has helped the firm stay buoyed throughout the trading day, the broader financial realm has struggled to find stable ground.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts