NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
iPath S&P 500 VIX Short Term Futures ETN
Despite seeing some inklings of strength from this morning's initial jobless claims report, the markets have spent much of the day treading in negative territory. Around mid-day, the selling picked up as European economic concerns once again took center stage.
This choppy action has been a boon for the fear-tracking VIX and exchange traded products designed to track it. The
iPath S&P 500 VIX Mid Term Futures ETN
is on the verge of locking in its fourth consecutive day of positive action.
United States Natural Gas Fund
There was weakness across a number of market sectors and other corners of the investing universe. Natural gas, however, appears to be bucking the trend, as futures-backed funds such as UNG and
iPath Dow Jones UBS Natural Gas Subindex Total Return ETN
find themselves trudging higher.
The upward action is welcomed. Prior to Thursday both funds had suffered six consecutive days of losses.
There does not appear to be doing much to buoy natural gas producers, however. The
First Trust ISE Revere Natural Gas Index Fund
is off nearly 3%.
ETFS Physical Palladium Shares
The U.S. market's weakness is leading many investors to unload their exposure to industry-linked precious metals. Both PALL and
iShares Silver Trust
are taking heavy hits.
Shiny safe havens are not removed from the selling. Shares of the physically backed
iShares Gold Trust
are off 2.5%.
These losses, combined with the broad market weakness, are boding poorly for miner-backed ETFs like
Global X Silver Miners ETF
Market Vectors Junior Gold Miners ETF
iShares PHLX SOX Semiconductor Sector Index Fund
Technology stocks are being shunned as investors seek shelter from looming macroeconomic concerns. Among the most heavily impacted corners of this sector are the semiconductors. Funds including SOXX and
SPDR S&P Semiconductor Index ETF
are suffering their second consecutive day of declines.
First Trust ISE Cloud Computing Index Fund
is another tech fund that is struggling to find footing. SKYY is one of the new niche tech products I look at in this morning's feature,
"Social Media ETFs Off to a Slow Start."