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.
First Trust ISE Revere Natural Gas Index Fund ( FCG) 6.1% The natural gas producers are rallying at the close of the week following reports that mining giant BHP Billiton ( BHP) announced a $12.1 billion deal to take over PetroHawk Energy ( HK). News of the deal sent shares of HK soaring. In early afternoon trading, HK was up over 60%. FCG sets aside over 3% of its portfolio to the natural gas player. United States Natural Gas Fund ( UNG) 3.3% The futures-backed UNG is trending higher, locking in its sixth consecutive day of gains. Given the heavy price tag BHP placed on the PetroHawk deal, many are feeling optimistic about the prospects for natural gas. While FCG continues to stand out as the safest bet for investors looking to tap into this region of the energy markets, UNG will likely be interesting to watch in the near term. iShares Silver Trust ( SLV) 2.0% Silver is ending the week on a strong note, as investors continue to seek out the protection of precious metals. It was a big week for the physically-backed SLV. For the first time since its tumble in May, the fund managed to ascend and remain above its 50-day moving average. Although silver remains a volatile member of the precious metals industry, it will be interesting to watch in the days ahead.
iPath Dow Jones UBS Cotton Subindex Total Return ETN ( BAL) -4.9% Cotton is taking a heavy hit, closing out a volatile week on a down note. It has been a rough couple of months for BAL. Since peaking in early April, the ETN has been in a steep downward path. Currently, the product is trading at levels last seen in December 2010. Other corners of the agriculture industry are facing pressure as well. iPath Dow Jones UBS Sugar Subindex Total Return ETN ( SGG) and Teucrium Corn ETF ( CORN) are both in negative territory. Global X/InterBolsa FTSE Colombia 20 ETF ( GXG) -1.1% The Colombia ETF ran into headwinds this week and the pressure does not appear to be letting up. Interestingly, the fund's heavy tilt towards the energy sector is doing little to mitigate the fund's losses. Close to a quarter of GXG's index is dedicated to this sector.
Investors in First Trust ISE-Revere Natural Gas Index Fund saw new options begin trading this week, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.