Notable ETF Movers of the Day 06/06: (SLV) (MOO) (SMH) Higher; (VXX) (UUP) Lower


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June 6, 2012 11:54 AM EDT Send to a Friend
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Price: $20.93 +0.24%

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Gainers
  • iShares Silver Trust (NYSE: SLV) up 4.00 percent to $28.83. Precious metals seeing some upside on expectations that the ECB and Fed may adopt more monetary easing measures soon. Dollar-denominated contracts would become cheaper to outside investors should another round of easing commence in the U.S., setting gold and silver up for another pop.

  • Market Vectors Agribusiness ETF (NYSE: MOO) up 2.35 percent to $46.84. The segment being led by Monsanto (NYSE: MON), which approved a $1 billion common stock buyback plan earlier in addition to declaring a quarterly dividend of 30 cents per share (current yield about 1.6 percent). Monsanto shares are up 2.5 percent on the session.

  • Market Vectors Semiconductor ETF (NYSE: SMH) up 2.43 percent to $31.21. Chipmakers enjoying a rally Wednesday, led by Broadcom (Nasdaq: BRCM) and ASML (Nasdaq: ASML), amid mixed U.S. data and flat interest rate actions out of Europe. The jump comes following a 1.9 percent pop on Tuesday.

Receders
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.01 percent to $20.11. The CBOE VIX is trading 6 percent lower on easing expectations. With economies still getting hit by economic slowdown, central banks might make the move to flood the system with more cash to spur spending and growth.

    Earlier, the Atlanta Fed's Dennis Lockhart said more Operation Twist could be in the works and the Fed should be in a state of readiness. For more comments, click here.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.43 percent to $22.80. The dollar is obviously a little weaker with expectations for more cash to flood the system. More money leads to lower strength versus peers.


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