NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
United States Natural Gas Fund
Natural gas futures continue to enjoy a boost brought on by yesterday's better-than-expected EIA storage report. The strong prices have lifted UNG to a new high for April.
Throughout this month, UNG has been trading sideways. Investors may want to keep an eye on the fund over the next few days to see if it shows more direction.
iShares Dow Jones U.S. Oil Equipment Index Fund
An optimistic earnings report from
was enough to power IEZ to a top position at the end of this week. Though the company reported a 30% dip in quarterly profits, its positive outlook for the rest of 2010 sent the shares and the sector higher.
iShares MSCI Sweden Index Fund
Though the euro and a number of single European nation ETFs took hits on Friday due to ongoing confusion regarding the Greece bailout, Sweden managed to diverge from the pack and pocket some strong gains.
Gains in EWD can be attributed to strength from number three holding,
. On Friday, the company's shares were up nearly 9% after posting strong quarterly earnings.
iShares Dow Jones U.S. Home Construction Index Fund
Homebuilder ETFs are scoring big gains today after the Commerce Department reported that new-home sales jumped 27% in March.
Within ITB's index,
were among the companies with the largest gains in afternoon trading.
iPath Dow Jones-UBS Sugar Total Return Subindex ETN
SGG has fallen nearly every day this week and Friday has been no different. Today's stumble dragged the faltering fund to levels not seen since May 2009.
Right now, the outlook for this sweetener remains poor. I would advise investors to steer clear until this ETN can find a bottom.
iPath Dow Jones UBS Grain Total Return Subindex ETN
Today is not a good day to hold soft commodities. While sugar is seeing some of the biggest losses, grains are also falling behind.
Though JJG has been struggling throughout 2010, in April the fund has staged a slight comeback and despite today's loss, is still trading just above its 50-day moving average, but it may not hold that level by the close of trading.
iShares MSCI Australia Index Fund
Australia's market had a small loss, as did the Australian currency vs. the U.S. dollar, and the combination is dragging EWA lower.
Today, a number of the nation's largest banks and top EWA holdings,
, Commonwealth Bank of Australia and Australia and New Zealand Banking Group are in the news regarding their respective plans to increase overseas assets. Together these three financial players account for close to a quarter of the fund's portfolio.
All prices as of 2:15 P.M. EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion had no positions in stocks mentioned.
Don Dion is president and founder of
, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.
Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.