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) 4.6%
The effects of the substantial premium underlying GAZ were felt Wednesday as the ETN whipsawed between gains and losses. As we approach the end of the week, it has managed to push back into positive territory alongside fellow futures-tracking natural gas ETF, the United States Natural Gas Fund (UNG).
Continue to steer clear of GAZ. Its premium currently stands at over 40%.SPDR S&P Regional Banking ETF (KRE) 2.5% The financials are witnessing strength as the end of the week approaches. The regional banking ETFs like KRE are seeing some of the strongest gains. This upward action is impressive. Prior to the opening bell, investors learned that Moody's was considering downgrades on a number of domestic and international banking institutions including Morgan Stanley (MS) and UBS (UBS). Global X Uranium ETF (URA) 4.5% Uranium producers are powering higher as investors shake off the jitters brought on by Wednesday's late-session downturn. These gains have helped URA recover back to levels seen at the start of the week. URA and the Market Vectors Uranium+Nuclear Energy ETF (NLR) will be interesting to watch in the coming weeks as we approach the one-year anniversary of the Japanese earthquake and tsunami.