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

iPath Dow Jones UBS Sugar Subindex Total Return ETN (SGG) 7.5%

A wide collection of agricultural futures-backed exchange traded products are riding higher as we head towards the weekend. While SGG is seated at the top of the winners list, the iPath Dow Jones UBS Cotton Subindex Total Return ETN (BAL) and the (DBA) can be found trading in positive territory as well.

iShares MSCI Russia Capped Index Fund (ERUS) 4.2%

Emerging Europe is benefiting, as indicated by the strength seen from Russia-related ETFs and the iShares MSCI Poland Investable Market Index Fund (EPOL).

The EU and other developed European nations are gaining ground as well. iShares MSCI Sweden Index Fund (EWD) and iShares MSCI Spain Index Fund (EWP) are seeing gains.

SPDR KBW Regional Banking ETF (KRE) 1.2%

Small regional banks are scoring gains, helping KRE recover some of the ground lost during Wednesday's sell off.

Despite today's gains, I remain hesitant towards the financial sector. Macroeconomic issues facing Europe and other regions of the globe will likely make this industry a volatile one in the days ahead.

iPath S&P 500 VIX Short Term Futures ETN (VXX) 2.3%

A decline in initial jobless claims, coupled with an upward GDP revision, helped renew investor confidence during the opening half of the day. Any gains have been pared back, however.

As markets struggle to hold onto strength, ETNs linked to the fear-tracking VIX have managed to climb higher.

Losers

First Trust Dow Jones Internet Index Fund (FDN) -3.2%

FDN is running to into trouble as index notables including eBay (EBAY), priceline.com (PCLN) and Netflix (NFLX) head lower. Although it started the day off relatively unchanged, index headliner Google (GOOG) has fallen over 1% as well.

The debut of Amazon's (AMZN) Kindle Fire tablet was exciting to watch and helped the firm score some gains on Wednesday. This upward action has been reversed, however. Shares of AMZN are currently stuck in the red.

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