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Notable ETF Movers of the Day 11/19: UNG, XRT, VXX Higher; XLF, FXI, USO Lower

November 19, 2010 11:56 AM EST
Gainers

  • United States Natural Gas (NYSE: UNG) up 1.21% to $5.84. Amid a lower-than-expected increase in nat gas stores yesterday, the ETF is jumping higher today as colder-than-normal weather is expected to move in and chill the Eastern U.S. over the next week (although a trip over to weather.com disputes this somewhat). Either way, more nat gas usage is expected as consumer crank the heat.

  • SPDR S&P Retail (NYSE: XRT) up 0.77% to $45.73. The ETF is being sustained by Foot Locker (NYSE: FL) today, following their third quarter report which produced
    an EPS
    of $0.33 on revs of $1.28 billion, mixed to the analyst consensus EPS of $0.17 and revs of $1.21 billion.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 0.95% to $45.76. Though off of session highs today, the CBOE VIX near-term ETF is trading higher as no new economic data is enough to offset a 50 basis point reserve
    requirement increase
    in China.

Receders

  • Financial Select Sector SPDR (NYSE: XLF) down 0.30% to $14.81. Again, no real definitive moving news, but financials may be trading on China's reserve requirement increase as well as comments
    made
    by Ben Bernanke on QEII.

  • iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 1.31% to $44.51. See VXX. China is increasing their reserve requirements on banks, presumably to put the kibosh on a rapid acceleration in the economy.

  • United States Oil (NYSE: USO) down 1.30% to $35.04. Slowing down one of the globe's largest economies would put a damper on the amount of oil consumed. December crude contracts, the most actively traded, are just 0.8% lower to $81.74 on the Comex today.


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