Notable ETF Movers of the Day 06/05: (XOP) (XHB) (UNG) Higher; (VXX) (FXI) Lower

• SPDR S&P Oil & Gas Exploration & Prod (NYSE: XOP) up 1.68 percent to $45.96. Oil servicers are gaining Tuesday following a couple of weaker sessions, as ISM data showed a better than expected gain for its Service index. The index rose from 53.5 last month to 53.7 in May, exceeding views calling for 53.1.
  
  Upside in the ETF is being led by EXCO Resources Inc. (NYSE: XCO), which is up 2.5 percent on the session.
  
  
• SPDR S&P Homebuilders (NYSE: XHB) up 1.73 percent to $19.39. Also making gains following service sector expansion are the homebuilders. The move is being spearheaded by USG Corp. (NYSE: USG), which is up about 5 percent on the session.
  
  Tomorrow morning at 7am EDT will be the weekly MBA Mortgage Index report. Last week saw a drop of 1.3 percent for applications.
  
  
• United States Natural Gas (NYSE: UNG) up 0.95 percent to $17.04. Nat gas up following an outlook from the International Energy Agency (IEA) saying China's demand for nat gas will double by 2017. The report has demand in China growing 13 percent per year through 2017 while U.S. consumption will expand by the same rate.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.41 percent to $21.36. With little in the way of data coming out of Europe, investors are trading on ISM data Tuesday. Of note, the ECB will be holding a meeting on Wednesday (rate cuts expected, but may not happen) and Fed chairman Ben Bernanke will be in front of a congressional panel on Thursday (possible hints of more easing).
  
  
• iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.42 percent to $32.45. Stocks in China lower Tuesday ahead of an emergency G7 meeting being held to hammer-out the euro zone debt crisis. Though no statement was issued, at least one participant said the finance ministers agreed to cooperate over a solution.

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