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.
ProShares UltraShort 20+ Year Treasury Bond ETF (TBT) 4.3%
U.S. market indices have managed to hold onto Tuesday's gains, and as risk stays in vogue, investors are unloading their exposure to safe haven asset classes. Shedding defense bodes well for TBT, which has broken near term resistance and powered to levels last seen in November. The iShares Barclays 20+ Year Treasury Bond Fund (TLT), on the other hand, is tumbling to new 2012 lows.
LosersMarket Vectors Junior Gold Miners ETF (GDXJ) -5.1% Gold prices are taking a shot across the bow, pushing the bullion-backed iShares Gold Trust (IAU) back to mid-January levels. The weakness is weighing heavily on gold miners, although the smaller, more volatile producers underlying the Market Vectors Junior Gold Miners ETF (GDXJ) are taking the brunt of the hit. Gold miners are not the only precious metal producers heading lower, however. The Global X Silver Miners ETF (SIL) is also declining. iShares MSCI South Africa Index Fund (EZA) -2.2% The weakness in the precious metals mining industry is weighing on the South Africa ETF. With companies like AngloGold Ashanti (AU) and Gold Fields (GFI) finding spots among its top 10 holdings, I have mentioned in the past how the fund may appeal to those looking for a unique play on the industry. The Market Vectors Vietnam ETF (VNM) is another emerging market ETF heading lower.
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