Notable ETF Movers of the Day 05/27: (UNG) (FXE) (XLE) Higher; (VXX) (UUP) (IHF) Lower
Gainers
Receders
- United States Natural Gas (NYSE: UNG) up 3.69 percent to $11.51. July contracts are up $0.189 to $4.549 per mmBtu on the Comex.
- CurrencyShares Euro Trust (NYSE: FXE) up 0.80 percent to $141.97. The euro is looking stronger today, following comments from European Central Bank Governing Council member George Provopoulos tha Greece should be able to repay its debt without restructuring, if it sticks to its austerity plan.
- Energy Select Sector SPDR (NYSE: XLE) up 1.14 percent to $77.02. Personal income increased 0.4 percent, right in-line with views, as personal spending also increased 0.4 percent, less than the 0.5 percent expected. The numbers, along with a better-than-expected UofM Consumer Sentiment number, or 74.3, is building the case for continued economic recovery, and demand for energy.
Receders
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.38 percent to $21.76. Though lighter volume ahead of the holiday weekend may be accentuating stock moves, the overall market feel is warm today, reducing volatility. The CBOE VIX near-term index is down over 3 percent today.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.83 percent to $21.44. The U.S. dollar is trading lower today on news out of Europe as well as overall bullish economic news. EUR/USD is up 0.0133 to €1.4268 at mid-day.
- iShares Dow Jones US Healthcare Provider (NYSE: IHF) down 0.79 percent to $65.05. Led by MedcoHealth Solutions (NYSE: MHS), which is over 12 percent lower on the session. MedcoHealth lost the Federal Employee Program mail order and specialty pharmacy contract to rival CVS Caremark (NYSE: CVS).
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