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Notable ETF Movers of the Day 05/16: (UNG) (XLI) (VXX) Higher; (FXI) (MOO) Lower

May 16, 2012 12:04 PM EDT
Gainers
  • United States Natural Gas (NYSE: UNG) up 3.24 percent to $18.48. Nat gas moving ahead of inventory data -- expected out Thursday -- as traders look for smaller gains as energy demand is causing many power generators to switch from more expensive coal to nat gas.

    Nat gas June contracts are $.078 higher to $2.578 per mmBtu on the Comex.

  • Industrial Select Sector SPDR (NYSE: XLI) up 0.57 percent to $35.28. The ETF being led by GE (NYSE: GE), which announced earlier that GE Capital Corp.would be paying a $475 million quarterly dividend. In addition, GECC said it was mulling a $4.5 billion special dividend in 2012, though that is subject to Board approval. GE shares are 3.8 percent better on the session.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.14 percent to $19.65. Though ECB president Mario Draghi said earlier he'd like to see Greece stay in the euro, he won't keep the ailing country in there at "any cost." Traders are keeping an eye on upcoming election set for June 16th. Depositors have been withdrawing funds from banks ahead of a potential exit by Greece from the euro.

    The news is hit markets Tuesday and more uncertainty is still hovering amid U.S. markets being in positive territory.
Receders
  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.61 percent to $34.16. Though China has concerns about Greece, investors are also focused on recent data showing lending by financial giants Industrial & Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China Ltd. was nearly zero in the last two weeks, according to Bloomberg data and Shanghai Securities News.

  • Market Vectors Agribusiness ETF (NYSE: MOO) down 0.78 percent to $47.74. Moving lower on Deere (NYSE: DE) earnings today. The company might be seeing a little pressure as growth expectations for 2012 might have been slightly behind views. For more on Deere's numbers, click here.


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