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 Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) 3.2%
A 15.5% premium is heavily impacting the performance of GAZ, causing it to perform out of line with its fellow natural gas futures-tracking ETF, the United States Natural Gas Fund (UNG). While GAZ is sitting solidly in positive territory, UNG, which boasts not premium, is up around 1%.
Premiums are not something to toy with. Steer clear of this product.First Trust NYSE Arca Biotech ETF (FBT) 2.1% The biotechnology industry is pushing higher, leading FBT to its fifth consecutive day of gains. Dendreon (DNDN) is leading the way, locking in over 17% gains. While impressive, investors may want to hold of on jumping in here; given its steep run up, there is a chance that this and other ETFs linked to biotechnology could take a breather in the near future. SPDR S&P Oil & Gas Exploration & Production ETF (XOP) 1.2% While the premium-laden futures-backed natural gas ETN is leading the way higher, other corners of the energy sector are gaining ground as well. Producers, for example, are enjoying a bounce, pushing XOP and the PowerShares Dynamic Oil & Gas Services Portfolio (PXJ) to impressive gains. Solar is strengthening as well. The Guggenheim Solar ETF (TAN) is up around 1%.