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Notable ETF Movers of the Day 06/14: (FXI) (TAN) (XLE) Higher; (VXX) (UUP) (UNG) Lower

June 14, 2011 12:09 PM EDT
Gainers

  • iShares FTSE China 25 Index Fund (NYSE: FXI) up 1.34 percent to $43.19. China's CPI (Consumer Price Index) increased 5.5 percent in May, which came in-line with expectations. The number was an acceleration from a 5.3 percent rise in April.

  • Guggenheim Solar (NYSE: TAN) up 3.45 percent to $6.89. There's a couple of happenings in the solar sector today. Goldman Sachs boosted MEMC Electronic Materials (NYSE: WFR) from Sell to Neutral, cutting its price target 9.1 percent to $10. Additionally, Google (Nasdaq: GOOG) reported that its teaming up with SolarCity to create a $280 million fund for residential solar projects. The move is surely bringing positive sentiment to the sector.

  • Energy Select Sector SPDR (NYSE: XLE) up 2.00 percent to $73.61. The energy ETF is gaining today on strong numbers out of China and the U.S. Retail sales in the U.S. fell just 0.2 percent, versus 0.7 percent expected. PPI also came in better than expected at 0.2 percent. Further, business inventories increased less than expected, indicating that companies may still be keeping it lean.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 3.27 percent to $22.48. The CBOE VIX is lower today on complacency in the markets. Oil prices are falling, presumably on news that Saudi Arabia increased its output. U.S. retail sales also came in better than expected. The CBOE VIX near-term volatility index is down nearly 7 percent on the session.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.28 percent to $21.23. Though clawing its way back following retail sales, the U.S. dollar is still on the sidelines as investors are looking for risk on an overall positive market day. EUR/USD is up 0.36 percent to €1.4468.

  • United States Natural Gas (NYSE: UNG) down 0.68 percent to $11.70. Nat gas is trailing for a second day as some expected cooler weather in the Northeastern U.S. through mid-June. Nat gas rallied about 19 percent from mid-May, so a little pullback is appropriate; the ETF is still over 10 percent better than recent lows just below $10.60 on May 19th. Nat gas is up $0.040 to $4.606 per mmBtu on the Comex.


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