NEW YORK (TheStreet) -- Welcome to Don Dion's "Daily ETF Winners and Losers." Be sure to stop by each day to find out which ETFs are gaining or losing.
iShares MSCI Turkey Investable Market Index Fund
Turkey's markets has had a welcomed run up in recent days, helping TUR recover some of the losses suffered during the opening weeks of the month.
Turkey has struggled throughout 2011 as a combination of bloody protests in Northern Africa and the Middle East and debt issues in the EU lead investors to question the nation's strength.
While the fund may be interesting to watch, I would urge conservative investors to steer clear. The fund will likely continue to see whipsaw action in the days ahead.
PowerShares Dynamic Networking Portfolio
After spending the first three days of the week tumbling, PXQ appears to have found some solid ground.
is playing a big role in pushing PXQ's index higher. This morning, the firm announced strong quarterly earnings numbers. MSI is listed as PXQ's fourth largest holding and accounts for over 5% of its index.
SPDR S&P Biotechnology ETF
Biotech-related ETFs are heading higher, leading funds like XBI and
First Trust Amex Biotechnology Index Fund
to snap their three-day string of losses.
I've often highlighted the strengths of using ETFs to track the biotechnology industry. Individual firms from this corner of the health care industry can swing wildly from day to day. By providing investors with exposure to a wide collection of companies, funds like XBI and FBT can help to mitigate some of this volatility.
iPath Dow Jones UBS Sugar Subindex Total Return ETN
Sugar prices are taking a hit this afternoon, leading the futures-tracking SGG to noticeable losses. SGG has become an exciting fund to watch. Since early May, the ETN has stuck to a steep, largely uninterrupted path higher.
iPath Dow Jones UBS Cotton Subindex Total Return ETN
, another futures-tracking agriculture ETN, is also lower today.
iPath S&P VIX Mid Term Futures ETN
The markets have moved into positive territory as we head towards the close of the week, leading fear-tracking VIX ETNs like VXZ and
iPath S&P 500 VIX Short Term Futures ETN
Looking to the days ahead, it will be interesting to see how VXX and VXZ behave. Investors remain jittery as Washington lawmakers continue to butt heads over debt ceiling negotiations.
iShares Silver Trust
Silver prices are taking a hit as market strength instills confidence in investors and drives many into riskier asset classes.
Although investors have been turning to silver for shelter from uncertainty, it is crucial to note that, because this metal is used across a number of industries, it can be influenced by the day-to-day action in the markets. In the event of continued strength, funds like SLV could prove popular.
All prices as of 2:16 PM EST
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management did not own any equities mentioned.