Notable ETF Movers of the Day 05/31: (VXX) (UNG) Higher; (USO) (SMH) Lower

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 3.41 percent to $21.25. The CBOE VIX is slumping monday as U.S. economic data offered little in the way of comfort for traders and investors. The Chicago PMI fell from 56.2 in April down to 52.7, compared with views calling for a gain to 57.0
  
  In addition, initial claims rose 10,000 last week to 383,000. The Street was expecting a drop to 368K.
  
  
  The second estimate for first-quarter GDP also slipped to 1.9 percent, from an initial reading at 2.2 percent and views expecting a 2.0 percent printout.
  
  
• United States Natural Gas (NYSE: UNG) up 0.83 percent to $17.05. Nat gas slightly higher amid reports from the EIA that stockpiles rose last week, but within an anticipated range. Data showed an increase of 71 bcf last week, compared with views calling for an increase of 67 to 71 bcf, according to Platts research. Dow Jones estimates called for a rise of just 69 bcf.

• United States Oil (NYSE: USO) down 1.70 percent to $32.46. Crude continuing lower following U.S. economic data out Thursday. With weaker data comes lowered expectations for energy demand.
  
  Coupled with recent pressure from Europe, cride back well below $90 now, trading $1.30 lower to $86.52 per barrel. Prices are now at their lowest levels since last October.
  
  
• Market Vectors Semiconductor ETF (NYSE: SMH) down 1.40 percent to $30.88. The chips are down today, following Morgan Stanley making a couple of coverage initiations in the segment. Notably, it started coverage on Intel (Nasdaq: INTC) with an Underperform rating. Intel's shares are reacting, now down 1 percent on the session. For more on Morgan Stanley's initiation, click here.

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