Notable ETF Movers of the Day 09/20: (UUP) Higher; (KOL) (FXI) Lower
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Gainers:
PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) gained 0.6 to 21.8. After months of declines, the dollar index finally began to turn around early in the week. Considering the size of Fed quantitative easing, some investors continue to bet on a decline in the greenback against most currencies.
Decliners:
Market Vectors Coal ETF (NYSE: KOL) declined 2.5 percent to 24.44. Shares of Arch Coal (NYSE: ACI) declined 3.3 percent. Given the recent volatility in the stock, today’s move isn’t a surprise. In the past 5 sessions, ACI is lower by 8.42 percent due to a further decline in coal prices.
iShares FTSE China 25 Index Fund ETF (NYSE: FXI) declined 1.7 percent to 34.48. Overnight Flash PMI data from China read 47.8, indicated a further contraction in manufacturing. This was the 11th straight month the index read below 50, although it was slightly higher than an August reading of 47.6.
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PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) gained 0.6 to 21.8. After months of declines, the dollar index finally began to turn around early in the week. Considering the size of Fed quantitative easing, some investors continue to bet on a decline in the greenback against most currencies.
Decliners:
Market Vectors Coal ETF (NYSE: KOL) declined 2.5 percent to 24.44. Shares of Arch Coal (NYSE: ACI) declined 3.3 percent. Given the recent volatility in the stock, today’s move isn’t a surprise. In the past 5 sessions, ACI is lower by 8.42 percent due to a further decline in coal prices.
iShares FTSE China 25 Index Fund ETF (NYSE: FXI) declined 1.7 percent to 34.48. Overnight Flash PMI data from China read 47.8, indicated a further contraction in manufacturing. This was the 11th straight month the index read below 50, although it was slightly higher than an August reading of 47.6.
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