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) 7%Turmoil in Europe has continued to cast a cloud of uncertainty over the global markets. In the U.S., jittery investors are showing hesitation toward risky assets. Indices were all lower during early afternoon trading.
With fear in vogue, the VIX has managed to power higher. VXX's three-day rally has pushed the ETN to levels last seen in November.
SPDR S&P Semiconductor ETF (XSD) 2%The semiconductor sector is witnessing standout strength despite the generally choppy action. News that Broadcom (BRCM) will acquire NetLogic Microsystems (NETL) for $3.7 billion helped fuel's XSD's ascent. During early afternoon trading, shares of NETL were up 50%.
iPath Dow Jones UBS Sugar Subindex Total Return ETN (SGG) 1.4%Despite concerns about the strength of the global economic growth picture, sugar prices continue to power higher. Since bouncing off of its 50-day moving average, the futures-backed SGG has witnessed four days of gains.
SGG's strength in the face of turmoil has been impressive. It will be interesting to see if it can climb higher in the days ahead.
Market Vectors Poland ETF (PLND) -4.8%Europe-related ETFs are taking the brunt of the hit at the start of the week as investors continue to express concerns about the euro crisis. Poland is getting hit especially hard, leading both PLND and iShares MSCI Poland Investable Market Index Fund (EPOL) to notable losses.
PLND is currently trading around all-time lows.