Notable ETF Movers of the Day 10/11: (KOL) (EEM) Higher; (VXX) Lower
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Gainers:
Market Vectors Coal ETF (NYSE: KOL) gained 3.85 percent to 25. Coal stocks came alive on Thursday, in part due to a rally in the price of natural gas. This morning, natural gas futures reached their highest level so far this year, and are now trading near $3.60. This is seen as bullish for coal, which has suffered as a result of low natural gas prices and power plants switching. Any reversal of this trend is positive for coal names, including CONSOL Energy Inc. (NYSE: CNX), which is trading higher by 6.3 percent.
iShares MSCI Emerging Markets Index (NYSE: EEM) gained 1.15 percent to 41.50. Emerging market ETFs gained as the value of the U.S. dollar declined. After bouncing off 78.50 in September, the dollar index revered to 80.20. However, the index was not able to hold onto gains, and is now below 80, which is helping to support emerging market equities.
Decliners:
S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) declined 1.4 percent to 35.05 as implied volatility of the S&P 500 fell. Despite 5-day gains, the VIX index continues to trade near multi-year lows. The index has declined steadily as the situation in Europe stabilized.
Market Vectors Coal ETF (NYSE: KOL) gained 3.85 percent to 25. Coal stocks came alive on Thursday, in part due to a rally in the price of natural gas. This morning, natural gas futures reached their highest level so far this year, and are now trading near $3.60. This is seen as bullish for coal, which has suffered as a result of low natural gas prices and power plants switching. Any reversal of this trend is positive for coal names, including CONSOL Energy Inc. (NYSE: CNX), which is trading higher by 6.3 percent.
iShares MSCI Emerging Markets Index (NYSE: EEM) gained 1.15 percent to 41.50. Emerging market ETFs gained as the value of the U.S. dollar declined. After bouncing off 78.50 in September, the dollar index revered to 80.20. However, the index was not able to hold onto gains, and is now below 80, which is helping to support emerging market equities.
Decliners:
S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) declined 1.4 percent to 35.05 as implied volatility of the S&P 500 fell. Despite 5-day gains, the VIX index continues to trade near multi-year lows. The index has declined steadily as the situation in Europe stabilized.
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