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Notable ETF Movers of the Day 01/23: (UNG) (USO) (SLV) Higher; (VXX) (UUP) Lower

January 23, 2012 11:56 AM EST Send to a Friend
Gainers
  • United States Natural Gas (NYSE: UNG) up 3.54 percent to $5.27. Nat gas getting a boost Monday following reports that Chesapeake (NYSE: CHK) will be cutting production following the dip in nat gas prices.

  • United States Oil (NYSE: USO) up 0.77 percent to $38.07. Crude moving higher following reports that Iranian crude oil imports will be banned in the European Union. For more color on the ban, click here. March contracts are $0.74 higher to $99.07 per barrel on the Comex.

  • iShares Silver Trust (NYSE: SLV) up 1.83 percent to $31.80. Metals are in the spotlight once again Monday, as debt talks in Greece continue. Pressure has come in from Germany and France for Greece to negotiate more swiftly with its private creditors. Traders are positioning themselves a little more safely as the outcome of discussions is all but certain.
Receders
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.09 percent to $28.11. The CBOE VIX is actually up on the session, as markets continue to search for direction.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.63 percent to $22.23. Sentiment is hopeful that Greece and creditors will come to a reasonable conclusion. French Finance Minister Francois Baroin has said that discussions are making "tangible progress."




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