Dion's Wednesday ETF Winners and Losers
NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
Winners
ProShares UltraShort 20+ Year Treasury Bond ETF
(TBT) - Get ProShares UltraShort 20+ Year Treasury Report
4.3%
U.S. market indices have managed to hold onto Tuesday's gains, and as risk stays in vogue, investors are unloading their exposure to safe haven asset classes. Shedding defense bodes well for TBT, which has broken near term resistance and powered to levels last seen in November. The
iShares Barclays 20+ Year Treasury Bond Fund
(TLT) - Get iShares 20+ Year Treasury Bond ETF Report
, on the other hand, is tumbling to new 2012 lows.
iShares MSCI European Financials Index Fund
(EUFN) - Get iShares MSCI Europe Financials ETF Report
1.3%
A pair of positive sessions has helped propel EUFN back to its 2012 highs. Despite this upward action, ETFs linked to certain EU nations and other corners of Europe are not faring as well. The
iShares MSCI Italy Index Fund
(EWP) - Get iShares MSCI Spain ETF Report
and the
TheStreet Recommends
iShares MSiCI Sweden Index Fund
(EWD) - Get iShares MSCI Sweden ETF Report
are both taking hits.
iPath S&P 500 VIX Short Term Futures ETN
(VXX) - Get iPath Series B S&P 500 VIX Short-Term Futures ETN Report
4.3%
After five days of losses, VXX has reversed course. This steep drop has pushed the volatile product levels seen prior to last summer's rally. In the days ahead, it will be interesting to see if the fund can regain some lost ground, or if more losses are on the way.
Losers
Market Vectors Junior Gold Miners ETF
(GDXJ) - Get VanEck Junior Gold Miners ETF Report
-5.1%
Gold prices are taking a shot across the bow, pushing the bullion-backed
iShares Gold Trust
(IAU) - Get iShares Gold Trust Report
back to mid-January levels. The weakness is weighing heavily on gold miners, although the smaller, more volatile producers underlying the
Market Vectors Junior Gold Miners ETF
(GDXJ) - Get VanEck Junior Gold Miners ETF Report
are taking the brunt of the hit.
Gold miners are not the only precious metal producers heading lower, however. The
Global X Silver Miners ETF
(SIL) - Get Global X Silver Miners ETF Report
is also declining.
iShares MSCI South Africa Index Fund
(EZA) - Get iShares MSCI South Africa ETF Report
-2.2%
The weakness in the precious metals mining industry is weighing on the South Africa ETF. With companies like
AngloGold Ashanti
(AU) - Get AngloGold Ashanti Ltd. Report
and
Gold Fields
(GFI) - Get Gold Fields Ltd. Report
finding spots among its top 10 holdings, I have mentioned in the past how the fund may appeal to those looking for a unique play on the industry.
The
Market Vectors Vietnam ETF
(VNM) - Get VanEck Vietnam ETF Report
is another emerging market ETF heading lower.
Global X Uranium ETF
(URA) - Get Global X Uranium ETF Report
-3.4%
Uranium producers's impressive strength on Tuesday was short-lived as URA has given back its gains.
The earthquake that struck Japan this morning likely did little to inject confidence into this industry. With last year's natural disaster fresh on investors' minds, it may be best to watch URA from the sidelines.
All prices as of 2:10 PM DST.
Written by Don Dion in Williamstown, Mass.
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At the time of publication, Dion Money Management owned iShares Gold Trust.
