Notable ETF Movers of the Day 05/28: UNG, VXX, UUP Up; OIH, TAN, XLF Down

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May 28, 2010 11:43 AM EDT

Gainers

United States Natural Gas (NYSE: UNG) up 1.36% to $7.43. Nat gas is the winner today as Royal Dutch Shell (NYSE: RDS-A) announced a $4.7 billion acquisition of East Resources Inc., a closely held U.S. natural-gas explorer. Click Here for all the details.
iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.45% to $28.74. The CBOE VIX is chug, chug, chugging along, up a modest 1.99% to $30.27, after a few weeks of heightened volatility are ebbed ahead of the holiday weekend in the U.S.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.24% to $25.26. The U.S. dollar is flattish as mixed economic data is out today, not strong enough to move the markets one way or the other. May be some short covers from those looking for the Euro to decline further.

Receders

Oil Services HOLDRs (NYSE: OIH) down 4.46% to $99.44. The ETF is down today as personal spending for April came in flat, stalling the full-fledged economic recovery that is chugging along.
Claymore/MAC Global Solar Energy (NYSE: TAN) down2.47% to $6.70. An overall hum drum day in the sector, spiced up by Barclays downgrading JA Solar (Nasdaq: JASO) from Overweight to Equalweight today. Shares of JASO are down XLF) down 1.67% to $14.76. Shares are down, with possible implications from a merger of several more banks in Spain and increased regulation in Europe. Additionally, this is the last trading day before a holiday weekend, making volumes a little lower and volatility elevated.

Standard & Poor's, Barclays

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