Notable ETF Movers of the Day 12/29: FXI, XLE, SLV Higher; VXX, UNG, XLF Lower

• iShares FTSE China 25 Index Fund (NYSE: FXI) up 1.42% to $42.79. Chinese stocks break their longest losing streak since July as value investors began entering the market again. The blog Chinavestor notes that the average P/E for mainland listings fell from 32x one year ago to 17.7x. Recent drops have been attributed to the government making attempts to curb rapid inflation where the average income per capita is $3,700.
  
  
• Energy Select Sector SPDR (NYSE: XLE) up 0.90% to $68.03. Seeing some upside on the thinly-traded week. Might be getting a boost from Barclays, who forecast that spending on oil exploration in 2011 will increase 11% to nearly
  $500 billion.
  
  
• iShares Silver Trust (NYSE: SLV) up 1.25% to $29.90. Still strong on mixed and light economic data this week. Investors are hedging against any unexpected currency fluctuations heading into the new year. Reuters notes that the gold-silver ratio, which is how many ounces of silver are required to buy an ounce of gold, fell to a four-year low of 46.6, versus the 10-year average of 62.2.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.23% to $38.45. Investors riding a wave of overall positive economic data over the last few weeks, as they try to end 2010 on a positive note.
  
  
• United States Natural Gas (NYSE: UNG) down 0.51% to $5.81. Lower today on confirmation that more moderate temps are in the works for the northern part of the Midwest through January 7, 2011.
  
  
• Financial Select Sector SPDR (NYSE: XLF) down 0.14% to $15.99. A little profit taking today following a nice run last week and early this week on American International (NYSE: AIG) sentiment. Shares moved over 3.2%, topping $16 as AIG announced new credit facilities, infusing more confidence in the company.

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