Notable ETF Movers of the Day 05/05: (VXX) (UUP) (IYT) Higher; (USO) (UNG) (GLD) Lower

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.74 percent to $25.11. Though markets are exactly tumbling, investors are heeding some caution as initial jobless claims came in stronger than expected. Inital claims of 474,000 beat out estimates calling for 400,000. Additionally, continuing claims of 3.733 million edged out the consensus of 3.638 million. The CBOE VIX is trading 2.4 percent today.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 1.05 percent to $21.18. The U.S. dollar is gaining versus the euro today, and other major currencies, following economic data and suggestiong from ECB President Trichet that there would be no interest rate hike in Europe until July as the earliest, as the ECB would "monitor very closely" the risk of higher inflation before another increase.
  
  
• iShares Dow Jones Transportation Average (NYSE: IYT) up 1.16 percent to $98.77. The ETF is showing some gains today as FedEx (NYSE: FDX) and United Parcel (NYSE: UPS) gain on falling crude prices, and CSX Corp. (NYSE: CSX) reported strong fourth quarter results, boosted its dividend, and announced a 3-for-1 stock split.
  
  

• United States Oil (NYSE: USO) down 5.59 percent to $40.84. Crude is falling on an increase in jobless claims last week, from 431K in March to 474K in April, suggesting lower demand for the commodity. June 11 contracts are $6.23 lower to $103.01 per barrel on the Comex.
  
  
• United States Natural Gas (NYSE: UNG) down 5.26 percent to $11.16. Nat gas futures are lower today following EIA data suggesting a larger than expected increase in nat gas stores last week. Inventories rose 72 billion cubic feet to 1.757 bcf, larger than the 64 to 67 bcf that analysts were lookng for.
  
  
• SPDR Gold Shares (NYSE: GLD) down 1.50 percent to $145.49. Gold is trading right along with silver today as the CME Group increased margin requirements again, and some are cashing in their chips rather than putting up additional funds to maintain correct balances. The WSJ reports that: "Speculators in the benchmark silver contract will have to put up $18,900 per contract to open a position, and maintain $14,000 of that to keep the contract overnight." Gold June 11 contracts are down $29.3 to $1,486.0 per ounce.

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