Dion's Friday 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

Market Vectors Junior Gold Miners ETF ( GDXJ) 2.9%

Precious metal ETFs are leading the way higher as markets end the choppy week on a mixed note. The strength extends beyond miner-related products like GDXJ and the Global X Silver Miners ETF ( SIL) and into bullion funds like the iShares Silver Trust ( SLV).

iShares MSCI Poland Investable Market Index Fund ( EPOL) 2.4%

After a three-day string of losses pushed EPOL back to its 50-day moving average, the fund is closing out the week with gains. Other corners of Eastern Europe are heading higher as well. The iShares MSCI Russia Capped Index Fund ( ERUS) is locking in some welcomed gains.

SPDR S&P Oil & Gas Equipment & Services ETF ( XOP) 1.9%

Although China's growth fears continue to take center stage, energy stocks are seeing a lift. XOP's upward action marks the fund's first day of gains all week. Futures-tracking energy products are heading higher as well. The United States Natural Gas Fund ( UNG) is up during mid-day trading.

Losers

VelocityShares 2x VIX Short Term ETN ( TVIX) -25.4%

Like the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN ( GAZ), TVIX has been struggling with a substantial premium. Over the past two days, however, the fund has taken a nosedive following news that Credit Suisse would resume share creation. GAZ is off over 5.5%. Disconnected products like TVIX and GAZ are not to be toyed with.

iPath S&P 500 VIX Short Term Futures ETN ( VXX) -5.8%

After this week's shaky action, the Dow and S&P indexes are preparing to close out the week on positive note. As selling pressure subsides, the fear-tracking VIX index and ETNs linked to it are taking a shot across the bow. VXX's swift March downturn has pushed the ETN back to all-time lows.

Investors are showing an unwillingness to unload exposure to long-term U.S. Treasuries. The ProShares UltraShort 20+ Year Treasury Bond ETF ( TBT) is off over 1.5%.

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