Publish date:

Monday's ETF Winners & Losers

Homebuilder- and REIT-related funds are sinking Monday.

Exchange-traded funds tracking homebuilders and REITs were all falling hard for a second straight session Monday, as investors continued to fret about the health of credit markets.

Shares of

American Home Mortgage


slid 36% before the stock was halted following word the company has filed for bankruptcy protection. On Friday, American Home Mortgage said it would slash roughly 90% of its work force.

Among REIT-related ETFs, the

iShares FTSE NAREIT Mortgage REITs

(REM) - Get iShares Mortgage Real Estate ETF Report

was dropping $2.04, or 6.4%, to $30.07. The

Ultra Real Estate ProShares

(URE) - Get ProShares Ultra Real Estate Report

gave back $1.53, or 3.8%, to $38.88. The

SPDR Dow Jones Wilshire International Real Estate

(RWX) - Get SPDR Dow Jones International Real Estate ETF Report

ETF was tumbling 84 cents, or 1.4%, to $59.05.

Homebuilders were feeling the crunch as well.

Standard Pacific


was diving by 19%, while

Beazer Homes

(BZH) - Get Beazer Homes USA, Inc. Report






(HOV) - Get Hovnanian Enterprises, Inc. Class A Report


Meritage Homes

(MTH) - Get Meritage Homes Corporation Report

were losing 3.5% or more.

TheStreet Recommends


iShares Dow Jones U.S. Home Construction

(ITB) - Get iShares U.S. Home Construction ETF Report

was shedding 85 cents, or 3.4%, to $24.30. The

SPDR S&P Homebuilders

(XHB) - Get SPDR S&P Homebuilders ETF Report

was lower by 77 cents, or 3%, to $24.73.

Energy-related ETFs were also getting crushed as the September front-month crude contract slid $2.18 to $73.30 a barrel. The

Ultra Oil & Gas ProShares

(DIG) - Get ProShares Ultra Oil & Gas Report

was giving back $2.56, or 2.9%, to $85.76. The

SPDR S&P Oil & Gas Equipment & Services

(XES) - Get SPDR S&P Oil & Gas Equipment & Services ETF Report

slid $1.19, or 3.4%, to $34.20. The

PowerShares Dynamic Energy

(PXI) - Get Invesco DWA Energy Momentum ETF Report

was lower by $1.09, or 3.4%, to $30.69.

On the flip side, bundled securities tracking the health care sector were among few winners to start the week. Before the opening bell,


(UNH) - Get UnitedHealth Group Incorporated Report

raised its guidance for 2007 following a favorable Medicare adjustment. The stock was recently up 2%.


Ultra Health Care ProShares

(RXL) - Get ProShares Ultra Health Care Report

was higher by $1.06, or 1.6%, to $67.18. The

iShares Dow Jones U.S. Healthcare Provider

(IHF) - Get iShares U.S. Healthcare Providers ETF Report

was up 81 cents, or 1.5%, to $56.56. The

Health Care Select Sector SPDR

(XLV) - Get Health Care Select Sector SPDR Fund Report

tacked on 46 cents, or 1.4%, to $34.14.