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Notable ETF Movers of the Day 01/12: (VXX) (FXE) (TAN) Higher; (UNG) (XLE) (MOO) Lower

January 12, 2012 12:34 PM EST
Gainers
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.41 percent to $31.60. The CBOE VIX is up about 2.6 percent Thursday, following an increase in initial jobless claims that was more than expected, as well as retail sales that came in below the radar. Initial claims rose by about 24,000 from a revised 375,000 to 399,000 last week. The Street was looking for claims of 375,000. In terms of retail sales, those rose 0.1 percent in December, compared with the 0.4 percent expected.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.96 percent to $127.77. Comments from European Central Bank President Mario Draghi that he saw stabilization, and Spain drawing about twice as much interest in a recent note auction is causing consumer sentiment to shift focus back to Europe. For more from Draghi, click here.

  • Guggenheim Solar (NYSE: TAN) up 0.67 percent to $3.01. The ETF actually moving higher on word that SolarWorld might be a target of German utility RWE for a possible takeover. The company has since denied the allegations, but shares finished 10 percent better Thursday.
Receders
  • United States Natural Gas (NYSE: UNG) down 3.16 percent to $5.82. The EIA reported natural gas stockpiles fell 95 billion cubic feet to 3.377 trillion cubic feet for the week ended January 6th. Economists were forecasting a drop of 86 to 90 billion cubic feet. Still, inventories are about 17 percent and 13.4 percent above the five-year average and what was reported for the same period last year.

  • Energy Select Sector SPDR (NYSE: XLE) down 0.79 percent to $69.89. Energy stocks being hit by Chevron (NYSE: CVX) , which said yesterday that fourth-quarter earnings would come in significantly below third-quarter numbers. Chevron is down 2.5 percent Thursday.

  • Market Vectors Agribusiness ETF (NYSE: MOO) down 0.68 percent to $49.64. Agriculture stocks lower following a USDA quarterly update which has corn estimates staying relatively firm. Markets were looking for a drop in expectations. Further, what inventories are expected to creep up 4 percent to 207.7 million metric tons in 2012.

    Numbers from the USDA have sent wheat, corn, and soy futures lower.


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Initial Jobless Claims, Natural Gas Inventories, Standard & Poor's, European Central Bank, Notable ETF Movers, Earnings