Notable ETF Movers of the Day 09/20: (XLU) (EWY) (GLD) Higher; (VXX) (UNG) (TAN) Lower


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September 20, 2011 12:41 PM EDT Send to a Friend
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Price: $40.32 +0.95%

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Gainers

  • Utilities Select Sector SPDR (NYSE: XLU) up 2.20 percent to $34.53. Utilities making a nice move Tuesday, as investors are hoping recent economic data will lead to further Fed stimulus. The group is being led by Exelon Corp. (NYSE: EXC), which is up 2.6 percent on the session. The ETF also hit a 52-week high of $34.57.

  • iShares MSCI South Korea Index (NYSE: EWY) up 2.15 percent to $52.68. South Korean stocks are trading higher with U.S. markets, though the Italian debt downgrade at Standard & Poor's is weighing on some Asian shares. With the U.S. one of South Korea's largest customers of electronics goods, any upside in U.S. markets is generally reflected there as well.

  • SPDR Gold Shares (NYSE: GLD) up 1.55 percent to $175.99. Gold elevated today following continued European debt issues and the Italian downgrade earlier in the session. Gold December contracts are up $34.1 to $1813.0 per ounce on the Comex.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.47 percent to $41.88. The CBOE VIX is trading 3.5 percent higher, as market participants are more complacent in Tuesday's trading session on potential for more financial stimulus.

  • United States Natural Gas (NYSE: UNG) down 0.72 percent to $9.60. Nat gas slumping Tuesday as participants weigh ebbed autumn demand against further storms in the Gulf of Mexico. Natural gas is $0.017 lower to $3.812 per mmBtu on the Comex.

  • Guggenheim Solar (NYSE: TAN) down 4.21 percent to $4.10. Trina Solar Ltd. (NYSE: TSL) is leading the pack lower, down 8.2 percent on the session, as investors continue to doubt near-term solar prospects. There are some negative blog posts today that might be turning investor attention, but based on solar's continued reliance on government subsidies, the concern may be warranted.


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