Dion's Friday ETF Winners and Losers
Written by: Don Dion
Tickers in this article: EWI VXX TLT KWT GAZ PIN
NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.
iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) 5.1%Energy and resource producers are facing notable pressure at the end of the week as macroeconomic turmoil abroad drives markets lower. These losses are not carrying over to all energy-related ETFs, however. The United States Natural Gas Fund (UNG) is relatively unchanged and the GAZ is sitting in solid positive territory.
GAZ's standout performance can be largely attributed to the fund's substantial premium which currently stands at over 100%.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 3.5%European debt drama and a disappointing growth report from China overshadowed some impressive earnings showings from top financial names, JPMorgan(JPM) and Wells Fargo(WFC) . As the U.S. markets prepare to cap this choppy trading week with another round of losses, the fear-tracking VIX benchmark is heading higher.