Dion's Wednesday ETF Winners and Losers
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.
iShares Barclays 20+ Year Treasury Bond Fund (TLT) 1.5%
The market's wild volatile in recent weeks has tested the confidence and stomach of even the most risk-tolerant traders. Amidst this shaky mid-week action, wearied investors are scouring the market for protection, diving into long term U.S. treasuries.
Though a popular safe haven option, the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is relatively unchanged.
LosersiShares Silver Trust (SLV) -6.7% Gold has commanded investor attention as the precious metal flirts with its 200-day moving average. While the downturn is weighing on physically backed funds like iShares Gold Trust (IAU) and miner-tracking funds like the Market Vectors Junior Gold Miners ETF (GDXJ). While gold has taken center stage, weakness can be seen across the precious metal spectrum. ETFs linked to industrious metals like SLV and ETFS Physical Palladium Shares (PALL) are actually leading the way lower. Guggenheim Solar ETF (TAN) -5.4% Solar energy stocks are taking a shot across the bow as markets head lower and investors steer clear of risk. Industry leader First Solar (FSLR) is leading the way lower. Shares of the firm are off over 20% after cutting their 2011 forecasts. With these losses, TAN has locked in new all-time lows. United States Oil Fund (USO) -5.4% The futures-linked oil ETF is giving back Tuesday's gains and then some. With these losses, USO has broken below its 200-day moving average and returned to levels seen prior to its late November run-up. Other energy futures ETFs such as the United States Natural Gas Fund (UNG) and United States Gasoline Fund (UGA) are taking hits as well. iShares MSCI Canada Index Fund (EWC) -2.3% Energy heavy developed nations like Canada and Norway are being shunned as investors steer clear of the oil and gas industries. In response, EWC, Global X Norway ETF (NORW) and Guggenheim Canadian Energy Income ETF (ENY) are taking noticeable hits. Across the EU, France is a leading decliner. The iShares MSCI France Index Fund (EWQ) was off over 2.0% in early afternoon trading. First Trust Dow Jones Internet Index Fund (FDN) -2.2% As investors steer clear of growth-correlated industries, the technology sector is taking its lumps. FDN, the iShares S&P North American Technology-Multimedia Networking Index Fund (IGN) and the iShares S&P North American Technology-Software Index Fund (IGV) are among the biggest decliners.
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