Friday's ETF Winners & Losers
Exchange-traded funds tracking gold and silver were among the best performers of Friday's session, as commodity futures soared.
Recently, gold prices were jumping by $10.20 to $750.10 an ounce. Silver was surging 29 cents to $13.94 an ounce.
The
Market Vectors Gold Miners
(GDX) - Get Report
ETF was higher by $1.20, or 2.7%, to $45.53. The
PowerShares DB Silver
(DBS) - Get Report
was up 58 cents, or 2.2%, to $27.10. The
iShares Silver Trust
(SLV) - Get Report
was climbing $2.79, or 2.1%, to $137.04. The
PowerShares DB Gold
(DGL) - Get Report
added 40 cents, or 1.4%, to $29.14.
The
PowerShares DB U.S. Dollar Index Bearish
(UDN) - Get Report
was also in positive territory as the euro was hitting yet another record high against the dollar, closing in on $1.42. The ETF was adding 17 cents, or 0.6%, to $27.41.
On the other hand, bundled securities tracking homebuilders were also among the biggest losers. Among individual names,
D.R. Horton
(DHI) - Get Report
,
KB Home
(KBH) - Get Report
and
Standard Pacific
(SPF)
were all lower.
The
iShares Dow Jones U.S. Home Construction
(ITB) - Get Report
was shedding 26 cents, or 1.3%, to $19.89. The
SPDR S&P Homebuilders
(XHB) - Get Report
was falling 20 cents, or 0.9%, to $21.42.
ETFs related to Asian markets were among the worst performers, despite a 2.8% rally overnight on the Chinese CSI 300 Index. Japan's Nikkei 225 eased 0.3% overnight, while Hong Kong's Hang Seng climbed 0.3%.
The
PowerShares Golden Dragon Halter USX China
(PGJ) - Get Report
fell 42 cents, or 1.3%, to $33.30. The
iShares FTSE/Xinhua China 25 Index
(FXI) - Get Report
was lower by $2.46, or 1.4%, to $179.63. The
SPDR S&P China
(GXC) - Get Report
was slipping $1.09, or 1.1%, to $94.03. The
iShares MSCI Hong Kong Index
(EWH) - Get Report
was down 26 cents, or 1.2%, to $20.97.