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.
iShares S&P India Nifty 50 Index Fund ( INDY) 2.8% Strength heading into the weekend is helping INDY recover to its 50-day moving average. Overall, it has been a positive week for this fund, despite the fact that it has jockeyed between gains and losses during the climb. Other overseas plays with standout gains include the iShares MSCI Turkey Investable Market Index Fund ( TUR) and iShares MSCI Australia Index Fund ( EWA). iShares Dow Jones U.S. Financial Services Index Fund ( IYG) 2.7% The U.S. markets opened on a positive note following this morning's jobs report. Although indexes have fallen off their highs for the day, many sectors remain in positive territory. The troubled financials are among the biggest winners, with IYG and iShares Dow Jones U.S. Broker-Dealers Index Fund ( IAI) scoring standout gains. ETFS Physical Palladium Shares ( PALL) 1.8% The physically-backed palladium ETF is capping a positive week with addition gains. Upward market action, combined with a strong auto sales report, is helping fuel the commodity fund's late-week climb. Like Thursday, other precious metals ETFs are seeing only limited movement during early afternoon trading.
iShares MSCI All Peru Capped Index Fund ( EPU) -1.6% The Peru ETF rally has been stifled over the second half of the week at it struggled against its 200-day moving average. If the fund can regain its footing and power higher, it will mark the first time this level has been surpassed since early April. Notable losses from Cia de Minas Buenaventura ( BVN), its top holding, are weighing heavily on EPU. The fund sets aside nearly one-fifth of its portfolio to this mining player. United States Natural Gas Fund ( UNG) -1.6% After scoring top spots among Thursday's winners, futures-backed natural gas exchange traded products such as UNG and the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN ( GAZ) are paring their gains and closing off the week with losses. The equity-tracking First Trust ISE Revere Natural Gas Index Fund ( FCG) was largely unchanged during early afternoon trading.
Investors in iShares India 50 ETF 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 238 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.
In trading on Tuesday, shares of the iShares India 50 ETF crossed below their 200 day moving average of $28.76, changing hands as low as $28.52 per share. iShares India 50 shares are currently trading down about 1.6% on the day.
In trading on Monday, shares of the iShares India 50 ETF entered into oversold territory, changing hands as low as $29.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.