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.

Winners

iShares MSCI Spain Index Fund ( EWP) 6.3%

It was a rough week for European nations as the sovereign debt issues facing the EU fell back into focus. Heading into the week's close, however, this region is catching a lift. The Spain-tracking EWP is leading the way higher.

Other vulnerable EU nations are benefiting as well. The iShares MSCI Italy Index Fund ( EWi) is heading into positive territory.

Market Vectors Vietnam ETF ( VNM) 3.7%

Although the U.S. markets appear to be witnessing a turnaround, investors still appear wary. In response, many emerging markets are facing heavy selling pressure, with the iShares MSCI Turkey Investable Market Index Fund ( TUR) and iShares MSCI Hong Kong Index Fund ( EWH) among the biggest decliners.

Bucking this trend are VNM and iShares MSCI South Africa Index Fund ( EZA) in early afternoon trading, both of which were in positive territory.

ProShares UltraShort 20+ Year Treasury Bond ETF ( TBT) 4.4%

After locking in eight consecutive days of upward action, the long-term treasury tracking iShares Barclays 20+ Year Treasury Bond Fund ( TLT) appears to be taking a breather.

As TLT heads lower, TBT is finding some room to run. These gains are welcomed; the fund's steep sell-off over the past few days has pushed it to all time lows.

Losers

Market Vectors Junior Gold Miners ETF ( GDXJ) -4.5%

Gold prices remained largely unchanged during early afternoon trading. However, gold miners are struggling to find footing. The small, volatile companies underlying GDXJ are seeing a particularly heavy drop.

GDXJ's steep sell-off over the past two days has sent the fund back to 2011 lows.

Global X Uranium ETF ( URA) - 4.3%

Commodity producers heading into negative territory, weighed down by persistent concerns about the state of the global recovery. Uranium miners underlying URA are struggling to find footing as well.

Energy producers are taking a hit as investors express concerns about global economic growth. The SPDR S&P Oil & Gas Equipment & Services ETF ( XES) and Market Vectors Coal ETF ( KOL) are taking heavy hits.

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