Dion's Friday ETF Winners and Losers
Winners
iPath Dow Jones UBS Grains Subindex Total Return ETN (JJG) 6.3%Grain futures are pushing higher and helping funds like JJG and the Teucrium Corn ETF (CORN) ascend to top spots on the winners list. These gains are welcomed for both funds; both have suffered multi-day strings of losses as China growth fears have been thrust into the spotlight.
Market Vectors India Small Cap ETF (SCIF) 3.8%
It has been a rough couple of weeks for the fast-moving small-cap India ETF. As questions are directed toward the emerging world, nations like India have been cast in uncertainty. SCIF, meanwhile, has witnessed a steady downturn, revising levels last seen in late January. Friday's strength, however, has helped to quash this losing streak. Looking to the start of the second quarter, it will be interesting to see if the fund can regain its footing.
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iShares MSCI Sweden Index Fund (EWD) 2.6%
Three days of losses pushed the Sweden ETF to its 50-day moving average. This level has shown to be a point of support since the start of the year.
Europe's sovereign debt crisis has taken a backseat to China in recent weeks. However, the region's macroeconomic trials will likely continue to impact sentiment. I am still not comfortable trekking into this corner of the developed world.
Losers
iPath S&P 500 VIX Short Term Futures ETN (VXX) -3.4%U.S. stock market indices are seeing upward action as we prepare to close the book on the week, month and first quarter. In response, fear-tracking products like VXX and the iPath S&P 500 VIX Mid Term Futures ETN (VXZ) are heading into negative territory.
Global X Uranium ETF (URA) -1.8%
The nuclear energy ETF is sliding for another day as alternative energy-related products continue to waver. On the solar front, we are witnessing mixed action. While the Market Vectors Solar Energy ETF (KWT) sits in negative territory, the Guggenheim Solar ETF (TAN) is relatively unchanged.
iShares Dow Jones U.S. Home Construction Index Fund (ITB) -0.9%