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Notable ETF Movers of the Day 07/12: (UNG) (VXX) (USO) Higher; (SMH) (SLV) (IYR) Lower

July 12, 2011 11:48 AM EDT
Gainers

  • United States Natural Gas (NYSE: UNG) up 0.83 percent to $10.87. More weather-related fun for nat gas contracts today. Continued expectations for warmer-than-normal temps spread across the Midwestern U.S. and heading for the East coast have traders anticipating an increase in consumption to power air conditioners. Nat gas August contracts are trading $0.030 to $4.318 per mmBtu on the Comex.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.18 percent to $22.29. The CBOE VIX is trading 5.6 percent higher as European debt concerns still linger and not much is happening to shift sentiment today. Investors may be positioning for an onslaught of company earnings next week, which can conveniently tracked here.

  • United States Oil (NYSE: USO) up 0.70 percent to $37.55. Crude shifting into positive territory this afternoon, as OPEC has reportedly said that demand for the black gold is still strong, though uncertain global conditions moving forward may stem demand into next year. But that is still six months off, and with China and Brazil still continuing to expand their economies, potential for increased energy demand is still on the table.


Receders

  • Semiconductor HOLDRs (NYSE: SMH) down 2.46 percent to $33.32. Microchip Technology (Nasdaq: MCHP) is moving stocks in the semi sector today. Microchip cut its first-quarter outlook yesterday, now seeing sales down about 1.5 percent, from prior guidance calling for a 1 to 6 percent sales gain sequentially. Microchip shares are trading well over 13 percent lower today.

  • iShares Silver Trust (NYSE: SLV) down 1.03 percent to $34.54. The silver ETF is currently in somewhat of a downward channel, trading within about a $3 range. The channel has been occurring since the end of June. Notably, the ETF is far from recent highs of just about $48.30 to $48.40 reached in mid-April. Investors may be shifting risk from commodities to the U.S. dollar and other non-euro currencies.

  • iShares Dow Jones US Real Estate (NYSE: IYR) down 1.46 percent to $62.42. Though Annaly Capital Management (NYSE: NLY) is the only one in red today, its ability to place just over $2 billion in stock is bring confidence back to the REIT sector. Annaly is placing 120 million common shares at $7.70 per share, for gross proceeds of $2.1 billion.


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