Notable ETF Movers of the Day 08/17: (TAN)(XHB) Higher; (SMH)Lower


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August 17, 2012 1:31 PM EDT Send to a Friend
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Price: $23.63 +5.26%

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Gainers
  • Guggenheim Solar ETF (NYSE: TAN) is higher by up 1.9 percent to 17.52. Despite mixed results for the group, the ETF is tracking higher. Recently four China solar companies asked the government there to investigate anti-dumping of polysilicon exports from the EU, and this could be creating volatility in the space.
  • SPDR S&P Homebuilders (NYSE: XHB) is higher 1.2 percent to 23.37. For the week XHB is higher by 5 percent. The rally began following the release of Home Depot (NYSE: HD) earnings and continued on the back of other positive data yesterday, including housing permits. Today’s move adds to previous gains.

Decliners

  • iShares Market Vectors Semiconductor ETF (NYSE: SMH) is lower by 0.90 percent to 33.59. Shares of Advanced Micro Devices (NYSE: AMD) are lower by 1.7 percent. The stock has declined 3.5 percent his week as global economic headwinds continue to drag down earnings. Intel Corp (NYSE: INTC) is also having difficulty navigating the weak global economy. Its shares are down 1 percent today.



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