NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by during the week to find out which ETFs are gaining or losing.
iShares MSCI Italy Index Fund
The Italy ETF is heading higher, recovering to its 200-day moving average, and flirting with previous February highs. Other countries in the European Union are following suit. Funds including the
iShares MSCI Germany Index Fund
iShares MSCI France Index Fund
are also sitting in positive territory.
Market Vectors Vietnam ETF
After two consecutive days of downward action, the Vietnam ETF has reversed course and is once again locking in gains. Although this about-face has allowed the fund to recover a respectable portion of its recent losses, I encourage investors to stick to the sidelines. More choppiness could be up ahead.
SPDR S&P Metals & Mining ETF
After Wednesday's steep sell-off, miner stocks are enjoying a refreshing turnaround. Aside from XME, the
Market Vectors Gold Miners ETF
Global X Silver Miners ETF
are also strengthening.
Bullion-backed precious metals funds that got hit especially hard during Wednesday's downturn are rebounding as well. The
iShares Silver Trust
iShares Gold Trust
are witnessing gains.
United States Natural Gas Fund
The bottom appears to have fallen out for natural gas futures as we approach the end of the week. After spending much of the past month trading along a sideways path, UNG shares have once again succumbed to selling pressure and are locking in all-time lows.
The premium laden
iPath Dow Jones UBS Natural Gas Subindex Total Return ETN
is heading lower as well. However, the ETN's losses are contained compared to UNG's.
iPath S&P 500 VIX Short Term Futures ETN
The fear-tracking VIX index is taking a hit, leading ETNs like VXX and the
iPath S&P 500 VIX MidTerm Futures ETN
It has managed to stay off the losers list this week, but this marks the third consecutive day of declines for the VXX. The slide has pushed this ETN back towards its February lows.
iShares Barclays 20+ Year Treasury Bond Fund
Major U.S. market indices are heading higher during mid-day trading, luring investors out of safe haven asset classes. This risk-on mentality is weighing on TLT, which is suffering its third day of losses.
The leveraged, inverse tracking
ProShares UltraShort 20+ Year Treasury Bond ETF
is reveling in TLT's weakness, enjoying more than 2% gains.
All prices are as of 2:11 PM EST.
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management owned iShares Gold Trust.