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.

Winners

iShares MSCI Turkey Investable Market Index Fund(TUR) 3.6%

Turkey's markets has had a welcomed run up in recent days, helping TUR recover some of the losses suffered during the opening weeks of the month.

Turkey has struggled throughout 2011 as a combination of bloody protests in Northern Africa and the Middle East and debt issues in the EU lead investors to question the nation's strength.

While the fund may be interesting to watch, I would urge conservative investors to steer clear. The fund will likely continue to see whipsaw action in the days ahead.

PowerShares Dynamic Networking Portfolio(PXQ) 1.6%

After spending the first three days of the week tumbling, PXQ appears to have found some solid ground.

Motorola Solutions(MSI) is playing a big role in pushing PXQ's index higher. This morning, the firm announced strong quarterly earnings numbers. MSI is listed as PXQ's fourth largest holding and accounts for over 5% of its index.

SPDR S&P Biotechnology ETF(XBI) 1.0%

Biotech-related ETFs are heading higher, leading funds like XBI and First Trust Amex Biotechnology Index Fund(FBT) to snap their three-day string of losses.

I've often highlighted the strengths of using ETFs to track the biotechnology industry. Individual firms from this corner of the health care industry can swing wildly from day to day. By providing investors with exposure to a wide collection of companies, funds like XBI and FBT can help to mitigate some of this volatility.

Losers

iPath Dow Jones UBS Sugar Subindex Total Return ETN(SGG) -3.9%

Sugar prices are taking a hit this afternoon, leading the futures-tracking SGG to noticeable losses. SGG has become an exciting fund to watch. Since early May, the ETN has stuck to a steep, largely uninterrupted path higher.

The iPath Dow Jones UBS Cotton Subindex Total Return ETN(BAL), another futures-tracking agriculture ETN, is also lower today.