Notable Midday ETF Movers 11/13: GLD, EWZ, TAN Higher; UNG Lower
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HIGHER;
- SPDR Gold Shares (NYSE: GLD) escalating about 1.22% to $109.53. The news comes on more investors moving back to gold as the dollar weakens in the world market.
- iShares MSCI Brazil Index (NYSE: EWZ) up 2.15% to $75.12. EWZ is up also on the weaker dollar, but also on the ETF's biggest holding, Petroleo Brasileiro SA (NYSE: PBR), as PBR announced a new oil well finding in Angola. PBR is up 2% as well.
- Claymore/MAC Global Solar Energy (NYSE: TAN) up about 3% to $8.85. The ETF is led by positive earnings from Yingli Green Energy (NYSE: YGE), which was up 12%, but the company lifted the sector by forecasting a stronger outlook.
- United States Natural Gas (NYSE: UNG) de-escalating about 0.38% to $9.02 on the continuing trend of warmer weather providing for greater than anticipated surplus.
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