Notable ETF Movers for 02/09: XME, OIH, MOO Up; UNG, IRY, UUP Lower
Notable ETF movers for 02/09:
Advancers
- SPDR S&P Metals & Mining (NYSE: XME) down 4.52 % to $47.68. Shares surge on a lower dollar and a strong earnings report from Alpha Natural Resources (NYSE: ANR) topping EPS views by 6 cents. Metal futures across the board are also up.
- Oil Services HOLDRs (NYSE: OIH) up 3.61% to $119.15. As future of oil are up on a lower dollar, Nabors (NYSE: NBR) is forecasting that their results will top EPS estimates of $0.16, albeit modestly.
- Market Vectors Agribusiness ETF (NYSE: MOO) is mooooving up 3.70% to $41.75. Agriculture futures are up on reports from the USDA that due to unforseen frost in Florida due to chillier temps this year, the production report for February is revised down 6 million 90-pound boxes of oranges. Also, of course, the weaker dollar.
Receders- United States Natural Gas (NYSE: UNG) down 2.45% to $9.57. Shares of the ETF are down today as colder temperatures are forecasted, but gas stores are up. For the week ended January 29, 2010, there was 2.406 trillion cubic feet available, a 9% increase Y/Y and 6.6% above the five-year average.
- iShares Dow Jones US Real Estate (NYSE: IYR) down 1.01% to $42.15. Top holding Annaly Capital Management, Inc. (NYSE: NLY) announced the issuance of $500M in convertible senior notes, singaling the need to raise capital.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.42% to $23.54. The dollar is ebbing as concerns over Greek debt seem to be easing, fortifying the move into the Euro by many investors.
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- United States Natural Gas (NYSE: UNG) down 2.45% to $9.57. Shares of the ETF are down today as colder temperatures are forecasted, but gas stores are up. For the week ended January 29, 2010, there was 2.406 trillion cubic feet available, a 9% increase Y/Y and 6.6% above the five-year average.
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