Thursday's ETF Winners & Losers
Exchange-traded funds tracking homebuilders were among the worst performers of a mixed session Thursday, as traders booked profits on housing stocks that have surged so far this week.
Recently,
Hovnanian
(HOV) - Get Report
,
Toll Brothers
(TOL) - Get Report
,
D.R. Horton
(DHI) - Get Report
,
Lennar
(LEN) - Get Report
and
Centex
(CTX)
were all dropping.
The
iShares Dow Jones U.S. Home Construction
(ITB) - Get Report
was down 79 cents, or 3.5%, to $21.73. The
SPDR S&P Homebuilders
(XHB) - Get Report
fell 65 cents, or 2.8%, to $22.90.
Oil-related ETFs were also on the decline, as crude continued its multi-session freefall that has lopped nearly 4% off prices. Lately, the November front-month crude contract was shedding 14 cents to $79.80.
The
Ultra Oil & Gas ProShares
(DIG) - Get Report
was losing $1, or 0.9%, to $109.18. The
iShares Dow Jones U.S. Oil Equipment Index
(IEZ) - Get Report
was down 45 cents, or 0.7%, to $63.99. The
Energy Select Sector SPDR
(XLE) - Get Report
slid 44 cents, or 0.6%, to $74.03.
Bundled securities tracking the chip sector were also under pressure, a day after
Micron's
(MU) - Get Report
disappointing quarter and Merrill Lynch's bearish coverage of
Intel
(INTC) - Get Report
,
Advanced Micro Devices
(AMD) - Get Report
and
Nvidia
(NVDA) - Get Report
.
The
Ultra Semiconductor ProShares
(USD) - Get Report
eased 89 cents, or 1%, to $86.86. The
Semiconductor HOLDRs
(SMH) - Get Report
was down 19 cents, or 0.5%, to $37.97. The
iShares S&P GSTI Semiconductor
(IGW)
was shedding 36 cents, or 0.5%, to $67.17.
On the other hand, utility-related ETFs were among the few winners. Among individual names,
FirstEnergy
(FE) - Get Report
,
Exelon
(EXC) - Get Report
,
Entergy
(ETR) - Get Report
and
Edison International
(EIX) - Get Report
were all higher.
The
Ultra Utilities ProShares
(UPW) - Get Report
was up $1.12, or 1.4%, to $82.44. The
Utilities HOLDRs
(UTH)
was rising $1.35, or 0.9%, to $147.75. The
PowerShares FTSE RAFI Utilities
(PRFU)
added 49 cents, or 0.9%, to $58.02.