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.
Market Vectors Junior Gold Miners ETF (GDXJ) 3.4%
Precious metal-related ETFs are pushing higher at the start of the week, helping GDXJ undo last week's losses. Ben Bernanke's comments at the start of the day helped to inject some life into gold. The shiny metal has struggled recently as the Fed chief remains coy about any potential new round of quantitative easing. Signals that such an option remains on the table could help to reinvigorate funds like the iShares Gold Trust (IAU) in the near term.
iShares MSCI Turkey Investable Market Index Fund (TUR) 2.7%The Turkey ETF struggled to gain ground in recent days following last Tuesday's slide. At the start of the week, however, the emerging European player appears to be finding some footing, powering to highs for the year. Other international funds including the iShares MSCI Sweden Index Fund (EWD) and the iShares MSCI South Africa Index Fund (EZA) are heading higher. Global X Uranium ETF (URA) 2.3% As doubts about growth weighed on investor sentiment last week, individuals were quick to unload exposure to market-correlated assets. This flight to safety weighed heavily on URA and other resource-focused funds. At the start of the new week, fears have once again been cast to the sidelines and some of these same battered products have managed to rebound.
LosersiPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) -14.4% The premium-plagued GAZ has toned down considerably, settling at 66% as of Friday. As this premium has deflated, the fund has retreated to its underlying index. As I've explained, this reversion leads to rocky action. The United States Natural Gas Fund (UNG) is declining, though its losses are far less than GAZ's. The VelocityShares Daily 2X VIX Short Term ETN (TVIX) is another premium-laden product that has been in the spotlight recently. Over the past three sessions, the fund's premium has been largely wiped out, resulting in a steep drop-off. On Monday, its losses stood at 10%. iPath S&P 500 VIX Short Term Futures ETN (VXX) -7.5% As major stock market indices kick off the new week on a strong note, VXX is tumbling to all-time lows. March has been rough for this futures-tracking ETN. Since the start of the month, it has seen only four days of positive action. Interestingly, despite VXX's slide, the VIX benchmark index is seeing a slight jump.
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