Notable ETF Movers of the Day 04/04: (VXX) (UUP) (UNG) Higher; (USO) (SMH) Lower

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.61 percent to $18.06. The CBOE VIX near-term index is trading about 11 percent better Wednesday following market data as well as news out of Europe. In a recent bond auction, Spain's yields jumped to their highest levels in 12 weeks, signalling that the market is still a little uneasy about prospects for the country to avoid a default. In addition, ECB President Mario "Wet Blanket" Draghi commented that there were still downside risks to growth in the euro-zone and it was too premature to commence discussion surrounding the unwinding of its "unconventional measures."
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.54 percent to $22.14. With FOMC meeting minutes hinting at pushing any potential quantitative easing measures out even further, the dollar is gaining as fears of further devaluation subside. The euro is off 0.8 percent to $1.3130.
  
  
• United States Natural Gas (NYSE: UNG) up 0.67 percent to $16.46. Nat gas might be seeing some continued bouncing after hitting 10-year lows recently. Though the ETF is higher, nat gas front month contracts are just about flat on the session Wednesday ahead of weekly stockpile data slated to be released Thursday.

• United States Oil (NYSE: USO) down 2.51 percent to $38.67. Crude futures are lower Wednesday following inventory data showing stockpiles rose 9 million barrels last week. The Street was expecting gains of 1.9 million barrels. May contracts are $2.28 lower to $101.73 per barrel on the Comex.
  
  
• Market Vectors Semiconductor ETF (NYSE: SMH) down 2.43 percent to $34.55. Nomura Securities made a couple of calls in the communications sector, notably negative for Altera (Nasdaq: ALTR) and Xilinx (Nasdaq: XLNX). For more on the call, click here.

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