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.
iShares MSCI European Financials Index Fund (EUFN) 1.3%A pair of positive sessions has helped propel EUFN back to its 2012 highs. Despite this upward action, ETFs linked to certain EU nations and other corners of Europe are not faring as well. The iShares MSCI Italy Index Fund (EWP) and the iShares MSiCI Sweden Index Fund (EWD) are both taking hits. iPath S&P 500 VIX Short Term Futures ETN (VXX) 4.3% After five days of losses, VXX has reversed course. This steep drop has pushed the volatile product levels seen prior to last summer's rally. In the days ahead, it will be interesting to see if the fund can regain some lost ground, or if more losses are on the way.